Overview

Westpac Banking Corporation is a Public Company that is ranked number 6 out of the top 2000 companies in Australia. The company generates the majority of its income from the National and Regional Commercial Banks in Australia industry.

In 2016 the company generated total revenue of $37,659,000,000 including sales and other revenue. In 2016 Westpac Banking Corporation had 32190 employees in Australia including employees from all subsidiaries under the company's control.

The Chief Executive of Westpac Banking Corporation is Mr Brian Hartzer whose official title is Managing Director & Chief Executive Officer. The Chairman of Westpac Banking Corporation is Mr Lindsay Maxsted whose official title is Non-Executive Chairman. 

Consumer Bank:

The Consumer Bank provides the sale and service of banking and financial services and products for Australian consumers under the following brands: Westpac, Bank of Melbourne, BankSA, RAMS and St George.

 

Business Bank:

The Business Bank provides the sales and service of banking and financial services and products to micro entities, small to medium enterprises and commercial businesses up to approximately $150 million.

The Business Bank brands include: Wespac, Bank of Melbourne, BankSA and St George.

 

Westpac Institutional Bank (WIB):

Westpac Institutional Bank services the financial needs of corporations, institutions, and government customers operating in Australia and New Zealand. The segment provides specialised service and advice in the areas of financial and debt capital markets, specialised capital, broking and alternative investment solutions and margin lending. WIB customers are serviced through branches in Australia, New Zealand, the United Kingdom, Asia and the United states.

Westpac Institutional Bank brands include: St.George Institutional Bank, Westpac Pacific, Westpac Asia, Hastings Funds Management, Qvalent and Xylo.

 

Westpac New Zealand:

Westpac New Zealand offers a range of retail banking services, commercial banking and insurance products to consumer and business customers. Westpac operates over 200 branches and more than 620 ATMs. Other Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers New Zealand Institutional Bank.

 

BT Financial Group:

BT Financial Group is Westpac's wealth management division and also includes St George Bank's wealth management division. BT Financial's operations include investment and superannuation products, private banking, financial planning services as well as life, general, lenders mortgage and bonds insurance.

BT Financial's brands include: Advance Asset Management, Asgard, Ascalon, BT, BT Investment Management, Licensee Select, Magnitude, Securitor, and the private banking, advice and insurance operations of BankSA, Bank of Melbourne, St.George and Westpac.

Learn more about our Company Reports

IBISWorld Premium Company Reports

The IBISWorld Company Premium Report offers a wealth of information on the top 550 companies. The detailed information and analysis in the Premium Report help you become better informed on all company activities. IBISWorld Company Premium Reports include:

  • Cross Directorships
  • Company activities synopsis
  • Industry Ratios
  • More segment information
  • Competitive Environment analysis
  • Subsidiaries by region

Table of Contents

Company Details
Key Personnel
Financials
Segments
Growth & Ratios
Industry Averages
Competitive Environment
Shareholders
Subsidiaries
Service Providers

Looking for our Industry reports?

Assess your competitors with powerful business tools that provide strategic insights and analysis on over 600 Australian industries.

Contact Us

Want to speak to a representative? Call us.

clear