Westpac discounts home loans

Lender makes a play to win back market share from its big four rivals.

Westpac Banking Corporation (WBC) is offering bigger discounts on home loans to win back market share as figures show it lags its rivals on new customers, The Australian Financial Review reports.

According to the newspaper, a UBS analysis shows the lender is winning a smaller share of new loans relative to its size compared with the three other big four banks.

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