Bankwest to transition out of commercial lending

Banking business services and products will be transitioned to CBA

Bankwest to transition out of commercial lending


By Mina Martin

Bankwest has announced that it will no longer offer business products under the Bankwest brand and will progressively offer, and transition its existing business banking customers to Commonwealth (CBA) products and services.

“We believe offering our business customers access to CBA’s market leading products and services is the best way to meet their needs and support them in continuing to achieve their goals in today’s demanding market,” Bankwest said on its website.

Business customers transitioning to CBA will continue to be served by Bankwest’s existing WA-based team, with the transition expected to take place over a period of years.

“While we acknowledge this is a significant change, we believe we will be better able to meet more customer needs with greater simplicity and ease,” Bankwest said.

The change relates only to commercial or business banking products and does not impact residential lending in any way.

Customers need not take any action for now and will be informed about the transition schedule. 

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