Last A$32.90 AUD
Change Today +0.15 / 0.46%
Volume 3.1M
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As of 10:10 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

275 Kent Street

Sydney, NSW 2000

Australia

Phone: 61 2 9374 7113

Fax: 61 2 8253 4128

Westpac Banking Corporation provides a range of financial products and services in Australia, New Zealand, and internationally. The company’s financial services include lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance and foreign exchange services. Divisions The company’s operations comprise the following business divisions operating under multiple brands serving approximately 12.8 million customers. Australian Financial Services (AFS) AFS is responsible for the company’s Australian retail banking, business banking and wealth operations. AFS also includes the product and risk responsibilities for Australian Banking. It incorporates the operations of Westpac Retail & Business Banking (Westpac RBB), St.George Banking Group (St.George) and BT Financial Group (Australia) (BTFG), as follows: Westpac RBB is responsible for sales and service to consumer, small-to-medium enterprise (SME), commercial and agribusiness customers (with turnover of up to $100 million) in Australia under the Westpac brand. Activities are conducted through Westpac RBB’s network of branches, third party distributors, call centres, automatic teller machines (ATMs), Electronic Funds Transfer Point Of Sale (EFTPOS) terminals, Internet and mobile banking services, business banking centres, and specialised consumer and business relationship managers. Support is provided by cash flow, trade finance, transactional banking, financial markets, property finance, and wealth specialists; St.George is responsible for sales and service to consumer, SME and corporate customers (businesses with facilities up to $150 million) in Australia under the St.George, BankSA, Bank of Melbourne and RAMS brands. RAMS is a financial services group specializing in mortgages and online deposits. Activities are conducted through St.George’s network of branches, third-party distributors, call centres, ATMs, EFTPOS terminals, Internet and mobile banking services, business banking centres and specialized consumer and business relationship managers. Support is provided by cash flow, trade finance, transactional banking, automotive and equipment finance, financial markets, property finance and wealth specialists; and BTFG is Westpac’s Australian wealth division. BTFG’s funds management operations include the manufacturing and distribution of investment, superannuation and retirement products, investment platforms, including BT Wrap and Asgard, private banking, and financial planning, as well as equity capability and broking. BTFG’s insurance solutions cover the manufacturing and distribution of life, general and lenders mortgage insurance. BTFG’s brands include Advance Asset Management, Ascalon, Asgard, BT, BT Investment Management, BT Select, Licensee Select, Securitor and the Advice, Private Banking and Insurance operations of Bank of Melbourne, BankSA, St.George and Westpac. Westpac Institutional Bank (WIB) WIB delivers a range of financial services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand. WIB operates through industry relationship and specialist product teams, with expert knowledge in transactional banking, financial and debt capital markets, specialised capital, and alternative investment solutions. Customers are supported through branches and subsidiaries located in Australia, New Zealand, Asia, the United States and the United Kingdom. Westpac New Zealand Westpac New Zealand is responsible for the sales and service of banking, wealth and insurance products for consumers, business and institutional customers in New Zealand. The company conducts its New Zealand banking business through two banks in New Zealand: Westpac New Zealand Limited, which is incorporated in New Zealand; and Westpac Banking Corporation (NZ Division), a branch of Westpac, which is incorporated in Australia. The division operates via a network of branches and ATMs across both the North and South Islands. Business and institutional customers are also served through relationship and s

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WBC:AU A$32.90 AUD +0.15

WBC Competitors

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Company Last Change
Australia & New Zealand Banking Group Ltd A$32.00 AUD +0.13
Lloyds Banking Group PLC 76.80 GBp -0.09
National Australia Bank Ltd A$33.38 AUD +0.32
Royal Bank of Scotland Group PLC 394.90 GBp +3.70
US Bancorp/MN $45.74 USD -0.01
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Industry Analysis

WBC

Industry Average

Valuation WBC Industry Range
Price/Earnings 13.1x
Price/Sales 4.9x
Price/Book 2.0x
Price/Cash Flow 12.6x
TEV/Sales NM Not Meaningful
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To contact WESTPAC BANKING CORP, please visit www.westpac.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

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