Westpac says soured consumer loans to rise 10 per cent

Westpac hasflagged arise in souredpersonal loans in mining-heavy regions, as investors remain on edge over any signs ofdeterioratingcredit quality.

The chief executive ofWestpacs consumer bank, GeorgeFrazis, on Thursday saidimpaired loans in its unsecured lending portfoliowill increase by $25 million, or 10 per cent, in itsupcoming half-yearresults.

He made the comment in a market update at which Westpac also said revenue in its flagship consumer banking division wouldrise in the half, helped by market share gains in deposits and mortgage lending.