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Westpac bank was the first bank to open in New South Wales, and commenced trading on 8
April 1817 with a single office. In subsequent years after a number of mergers, the Westpac brand was born. Westpac's nine business units serve over 8 million customers in Australia and New Zealand. In 1997 they merged with Bank of Melbourne in Victoria and in 1995 they merged with Challenge Bank in Westvaco Australia. Westpac have just changed its name yet again. Back to Westpac.
Westpac are reputed to being the third largest banking group in Australia and is listed on the Australian Stock Exchange (ASX: WBC.AX). They have branches and affiliates across the Pacific region and key offices around the world.
Estimated latest information:
Number of fulltime employees or equivalent: 27000
Global Assets: 260000 billion dollars
Stock market capitalization: Top ten
Net Profit after tax: 2,818 million dollars.
Westpac has 5 key areas of operation and serves about 8 million customers. One of the large areas is the impact on Business and consumer banking where Westpac home loans are a major player. Westpac online banking is secure and allows customers to easily transfer money, pay bills and perform other banking options.
See the tables below for the full range of Westpac Bank loan and card products.
