Westpac

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Westpac Banking Corporation
Westpac
Formerly
Bank of New South Wales
Public
Traded asasx:WBC
NZX:WBC
IndustryBanking, financial services
Founded8 April 1817 (1817-04-08) (as the Bank of New South Wales)
4 May 1982 (1982-05-04) (as Westpac)
HeadquartersSydney
Number of locations
1,204 branches
3,222 ATMs
Area served
Worldwide
Key people
Lindsay Maxsted (Chairman)
Peter King (Acting CEO)
Gary Thursby (Acting CFO)
ProductsFinance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards
RevenueDecrease A$20.65 billion[1] (2019)
Decrease A$6.78 billion[1] (2019)
Total assetsIncrease A$906.63 billion[1] (2019)
Number of employees
33,288[1] (2019)
SubsidiariesSt George Bank
BankSA
Bank of Melbourne
Website

Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney.[2] Founded 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.

References[change | change source]

  1. 1.0 1.1 1.2 1.3 "Annual Report 2019" (PDF). Westpac Group. 2020. Retrieved 30 August 2020.
  2. Wootton, Hannah (2020-03-11). "Westpac evacuates floors in Sydney HQ due to suspected virus". Australian Financial Review. Retrieved 2020-08-27.