Westpac Banking Corp - Company Profile

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Westpac Banking Corp: Overview

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Westpac Banking Corp (Westpac) is a provider of personal, private, business, and corporate banking solutions. Its portfolio of products include accounts, cards, life and non-life insurance, personal and business loans, mortgages, overdraft facilities, banking supportive solutions, and financing and leasing. Westpac provides retirement planning, advisory, merchant solutions, foreign exchange, industry-specific banking, capital advisory, transaction banking, and financial market solutions. It operates through a network of branch offices, ATMs, representative offices, and online portals and serves retail, commercial, government and institutions, and SME clients. The group has an operational presence in Asia-Pacific, Europe, and North America. Westpac is headquartered in Sydney, New South Wales, Australia.

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Headquarters Australia
Address Level 18, 275 Kent Street, Sydney, New South Wales, 2000
Website www.westpac.com.au
Telephone 61 2 91557700
No of Employees 36,146
Industry Financial Services
Ticker Symbol & Exchange WBC (ASX)
Revenue (2022) $32.9B 82.7% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 26.4% (2022 vs 2021)
Market Cap* $57.4B
Net Profit Margin (2022) XYZ -30.8% (2022 vs 2021)
* As of and is in US$
View Westpac Banking Corp financials
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Westpac Banking Corp premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Westpac Banking Corp (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Westpac Banking Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Accounts and Deposits: Foreign Exchange Westpac
Everyday Accounts Shares Trading St. George
Savings Accounts Merchant Services BankSA
XYZ XYZ XYZ
XYZ XYZ XYZ
XYZ XYZ XYZ
Understand Westpac Banking Corp portfolio and identify potential areas for collaboration Understand Westpac Banking Corp portfolio and identify potential areas for collaboration Find out more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Contracts/Agreements In November, the group entered into an agreement to acquire HealthPoint.
2023 New Products/Services In November, the group introduced new budgeting tool that enables its customers to calculate leftover expenditure based on their income, savings targets, and bills.
2023 Others In October, the group cancelled its plans to sell its Fiji and Papua New Guinea businesses.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Westpac Banking Corp ANZ Group Holdings Ltd National Australia Bank Ltd Commonwealth Bank of Australia Suncorp Group Ltd
Headquarters Australia Australia Australia Australia Australia
City Sydney Docklands Melbourne Sydney Brisbane
State/Province New South Wales Victoria Victoria New South Wales Queensland
No. of Employees 36,146 40,342 38,516 48,930 13,300
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Peter King Chief Executive Officer; Managing Director; Director Executive Board 2020 53
Michael Rowland Chief Financial Officer Senior Management 2020 62
Ryan Zanin Chief Risk Officer Senior Management 2022 61
Scott Collary Group Chief Information Officer Senior Management 2023 59
Yianna Papanikolaou Chief Transformation Officer Senior Management 2022 46
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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