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Westpac information


Westpac Banking Corporation
Company typePublic company
Traded as
  • ASX: WBC
  • NZX: WBC
  • S&P/ASX 200 component
IndustryBanking
Financial services
PredecessorBank of New South Wales
Commercial Bank of Australia
Founded8 April 1817 (1817-04-08) (as the Bank of New South Wales)
4 May 1982 (1982-05-04) (as Westpac Banking Corporation)
HeadquartersWestpac Place
Sydney, Australia
Area served
Worldwide
Key people
John McFarlane (Chairman)
Peter King (CEO)
ProductsFinance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards
Operating income
Increase A$21.65 billion (2023)[1]
Net income
Increase A$7.20 billion (2023)[1]
Total assetsIncrease A$1.02 trillion (2023)[1]
Total equityIncrease A$71.27 billion (2023)[1]
Number of employees
36,146 (2023)[1]
SubsidiariesSt George Bank
BankSA
Bank of Melbourne
Westpac New Zealand
Website
  • westpac.com.au
  • westpac.co.nz

Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney.[2]

Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac 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 2023, Westpac has 13 million customers worldwide, and employs around 36,000 people.[1]

In 2022, Westpac held the 53rd position in the "Top 1000 World Banks".

  1. ^ a b c d e f "Westpac 2023 Annual Report" (PDF). Westpac Group. Retrieved 14 November 2023.
  2. ^ Wootton, Hannah (11 March 2020). "Westpac evacuates floors in Sydney HQ due to suspected virus". Australian Financial Review. Retrieved 27 August 2020.

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