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Headlines

Australia's Westpac says 'worst is behind us', finance demand for M&A stronger

Published by Global Banking & Finance Review

Posted on May 6, 2025

1 min read

· Last updated: January 24, 2026

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(Corrects CEO's quote in headline to 'worst is behind us', not 'worst is over') SYDNEY (Reuters) -The CEO of Australia's second-largest mortgage lender Westpac said on Tuesday that the economy was

Westpac CEO: Economic Recovery Boosts Finance Demand

(Corrects CEO's quote in headline to 'worst is behind us', not 'worst is over')

SYDNEY (Reuters) -The CEO of Australia's second-largest mortgage lender Westpac said on Tuesday that the economy was showing signs of recovery and financing demand for M&A was stronger.

"All the data in terms of 90-day plus stress levels, across the consumer division, across the business bank, just indicating that the worst is behind us," Anthony Miller said at the Macquarie Australia conference.

He added the financing demand pipeline for mergers and acquisitions was "larger than we thought we'd see".

(Reporting by Christine Chen in Sydney; Editing by Christian Schmollinger)

Key Takeaways

Westpac CEO claims economic recovery signs are evident.
Financing demand for mergers and acquisitions is strong.
90-day plus stress levels indicate improvement.
The demand pipeline is larger than expected.
Westpac is Australia's second-largest mortgage lender.

Frequently Asked Questions

What is the main topic?

The article discusses Westpac's view on economic recovery and increased finance demand for mergers and acquisitions.

What did the Westpac CEO say?

The CEO mentioned that the worst is behind and highlighted strong finance demand for M&A.

How is the Australian economy performing?

According to Westpac's CEO, the economy shows signs of recovery with improving stress levels.

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