HBOS Australia and BankWest today welcomed the acquisition of HBOSplc by Lloyds TSB, which means Australia's banking customers will be part of one of the biggest banks in the world.
HBOS Australia CEO David Willis said "Lloyds TSB credit rating and capital strength will enhance the position of HBOS Australia, including BankWest".
"BankWest is a strong stand-alone entity, fully regulated by the Australian Prudential Regulatory Authority (APRA), with a strong capital base and liquidity position.
"This acquisition can only strengthen that position. It creates a formidable banking group, providing benefits to customers and colleagues.
"Our company will now be part of one of the biggest banks in the world.
"We will continue providing strong competition in the Australian banking market and providing real choice for Australian consumers and businesses."
