Westpac eyes growth not divs

Westpac's purchase of the Lloyds Australian loan book signals the bank has focused on growth rather than increased dividends

As auctions go, it has been long and slow.

After Macquarie (MQG) dropped out of the race, the Lloyds Bank Australian loan portfolio was Westpac's (WBC) for the taking and this morning it shelled out $1.45 billion for the prize.

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