Westpac Banking Corp - Company Profile
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Westpac Banking Corp (Westpac) is a financial services provider. The group engages in offering a wide range of banking products and services, including home loans, business loans, and wealth management. Notable brands under Westpac include St.George, BankSA, and Bank of Melbourne. Westpac serves a diverse customer base, including individual consumers, small to medium businesses, and large corporate and institutional clients. The group utilizes various distribution channels such as digital platforms, call centers, mobile bankers, branches, and third-party brokers. Westpac operates across the Asia-Pacific, Europe, and the Americas, targeting markets in these regions. Westpac is headquartered in Sydney, New South Wales, Australia.
Headquarters
Australia
Address
275 Kent Street, Sydney, New South Wales, 2000
Website
www.westpac.com.au
Telephone
61 2 91557700
No of Employees
33,305
Industry
Financial Services
Ticker Symbol & Exchange
WBC (ASX)
Revenue (2024)
$38.5B
1.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-1.1%
(2024 vs 2023)
Market Cap*
$83.1B
Net Profit Margin (2024)
XYZ
-2.6%
(2024 vs 2023)
* As of and is in US$
Westpac Banking Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts | Foreign Exchange | Westpac |
| Deposits | Merchant Services | St. George |
| Cards: | Wealth Management | BankSA |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In October, the group announced its plans to sell the RAMS home loan portfolio to Pepper Money, a non-bank lender. |
| 2025 | New Products/Services | In September, the group introduced SafeBlock in the online banking platform and app. |
| 2025 | Contracts/Agreements | In July, Westpac bank signed a partnership with Cricket Australia to become the new main commercial partner. |
Competitor Comparison
| Key Parameters | Westpac Banking Corp | Commonwealth Bank of Australia | ANZ Group Holdings Ltd | National Australia Bank Ltd | Bendigo and Adelaide Bank Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Sydney | Sydney | Docklands | Melbourne | Bendigo |
| State/Province | New South Wales | New South Wales | Victoria | Victoria | Victoria |
| No. of Employees | 33,305 | 51,617 | 40,072 | 42,471 | 4,568 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Anthony Miller | Chief Executive Officer; Director; Managing Director | Executive Board | 2024 | 56 |
| Nathan Goonan | Chief Financial Officer | Senior Management | 2025 | - |
| Kate Dee | Chief People Officer | Senior Management | 2025 | 48 |
| Ryan Zanin | Chief Risk Officer | Senior Management | 2022 | 64 |
| Scott Collary | Group Chief Information Officer | Senior Management | 2023 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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