nce and wealth products are provided under Westpac Life and BT brands respectively. Other divisions in the company include the following: Westpac Pacific, which provides banking services for retail and business customers in seven Pacific Island Nations. Branches, ATMs, telephone banking and Internet banking channels are used to deliver business activities in Fiji, Papua New Guinea (PNG), Vanuatu, Cook Islands, Tonga, Solomon Islands and Samoa. Westpac Pacific's financial products include personal savings, business transactional accounts, personal and business lending products, business services and a range of international products; Group Services, encompassing technology, banking operations, compliance, legal and property services; Treasury, which is primarily focused on the management of the company’s interest rate risk and funding requirements; and Core Support, which comprises those functions performed centrally, including finance, risk and human resources. Business strategy The company’s strategy seeks to deliver on its vision by providing superior returns for its shareholders, building deep and enduring customer relationships, being a leader in the community, and being a place where the best people want to work. In delivering on its strategy the company is focused on its core markets, including Australia and New Zealand, where the company provides a comprehensive range of financial products and services that assist the company in meeting all the financial services needs of its customers. Regulation Australia: Within Australia, the company is subject to supervision and regulation by six principal agencies: APRA; the Reserve Bank of Australia (RBA); the Australian Securities and Investments Commission (ASIC); the Australian Securities Exchange (ASX); the Australian Competition and Consumer Commission (ACCC); and the Australian Transaction Reports and Analysis Centre (AUSTRAC). United States: The company’s New York branch is a U.S. federally licensed branch and therefore is subject to supervision, examination and extensive regulation by the US Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the US Federal Reserve) under the US International Banking Act of 1978 (IBA) and related regulations. History Westpac Banking Corporation was founded in 1817. In 1850, the company was incorporated as the Bank of New South Wales by an Act of the New South Wales Parliament. In 1982, it changed its name to Westpac Banking Corporation following merger with the Commercial Bank of Australia. In 2002, the company was registered as a public company limited by shares under the Australian Corporations Act 2001 (Cth) (Corporations Act).
westpac banking corp
(WBC:Australian Stock Exchange Ltd)
275 Kent Street
Sydney, NSW 2000
Phone: 61 2 9293 9270
Fax: 61 2 8253 4128www.westpac.com.au
|Australia & New Zealand Banking Group Ltd||A$31.92 AUD||+0.50|
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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.