Westpac Banking Corporation (ASX:WBC)

Click here Westpac Banking Corporation (ASX:WBC) share price

Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia.

Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards. It is one of Australia’s “big four” banks and is Australia’s first and oldest banking institution. Its name is a portmanteau of “Western” and “Pacific”.

As of March 2018, Westpac has 14 million customers, and employs almost 40,000 people.

Traded as:           ASX: WBC; NZX: WBC

Industry:              Banking, financial services

Founded:            8 April 1817 (as the Bank of New South Wales)

Headquarters:   Sydney

Products:             Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards

Subsidiaries:

  • St George Bank
  • BankSA
  • Bank of Melbourne

Website:              www.westpac.com.au     www.westpac.co.nz

Fitch revises outlook on Westpac Banking Corporation to stable

Westpac reports 26% rise in net profit, announces expansion plans and digital initiatives

Westpac announces restructure and leadership changes

Acquisition of Westpac PNG and Westpac Fiji not to proceed

Dr Nora Scheinkestel appointed on Westpac Banking Board

Westpac sells Pacific businesses to Kina Bank for $420 million

Westpac Group to exit Beijing, Shanghai, Hong Kong, Mumbai, and Jakarta

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