Westpac announced it has completed its $1.45 billion purchase of Lloyds Banking Group’s Australian motor and equipment finance business, Capital Finance Australia (CFAL), along with its corporate loan portfolio.
According to the news release, CFAL has a motor vehicle finance book of $3.9 billion, an equipment finance book of $2.9 billion and a corporate loan portfolio of $1.6 billion.
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[…] Westpac Completes Acquisition of Lloyds Equipment Finance Book – Westpac announced it has completed its $1.45 billion purchase of Lloyds Banking Group’s Australian motor and equipment finance business, Capital Finance Australia (CFAL), along with its corporate loan portfolio. […]
[…] Westpac Completes Acquisition of Lloyds Equipment Finance … – Westpac announced it has completed its $1.45 billion purchase of Lloyds Banking Group’s Australian motor and equipment finance business, Capital Finance Australia (CFAL), along with its corporate loan portfolio. […]