BNET Industries

Westpac Banking Corp.

WBK is in the Financial Services Industry

Market Cap:$71.5B
Last Fiscal Year Sales:$24.6B
  • Public
  • AU
Dow Jones Description

Welcome to the Australian Out-Bank! Westpac Banking Corporation (NYSE: WBK (ADR) Australia) provides banking and financial services in Australia and New Zealand. It offers financial products, such as savings and checking accounts, demand and term deposits, credit cards, and personal and housing loans. It caters to individuals and small to medium-size businesses. It also offers wealth management services, pensions, life insurance, and others. The company was founded in 1817 and is headquartered in Sydney, Australia. This $14.2 billion company employs about 27,000 people. The company received a AAA rating in the 2006 RepuTex Australia and New Zealand Social Responsibility Ratings survey, for the third year in a row.

Chief Manager and Senior Vice President
Peter H Winder
Number of Employees 27,138
Contact Information

60 Martin Pl

Sydney 2000

www.westpac.com...

(61) 292263311

NAICS Code Commercial Banking: 522110

Recent Events

  • Asian Stocks Trade Lower

    11/05/09 - Bond / Stock Rating - View Story

  • UPDATE 2-Australia's Westpac says bad debts have peaked

    11/03/09 - Stock Split / Dividend - View Story

  • PRESS DIGEST-Australian Business News - Nov 5

    11/04/09 - Financial Announcement - View Story

  • Moody's affirms Westpac Banking ratings following lost tax case

    10/08/09 - Bond / Stock Rating - View Story

  • PRESS DIGEST-Australian Business News - Sept 28

    9/27/09 - Financial Announcement - View Story

  • UPDATE 1-Australia Senate says bank merger ban should stay

    9/17/09 - Merger / Acquisition - View Story

  • Westpac to acquire Kaplan Equity's ownership in Ascalon Capital Managers

    9/14/09 - Merger / Acquisition - View Story

  • Top 10 Banks of Australia by Assets and Deposits

    8/25/09 - Financial Announcement - View Story

  • ANZ, StanChart eye M&A in Asia to bolster growth

    8/04/09 - Merger / Acquisition - View Story

  • Late-night resignation stirs Westpac suspicions

    7/05/09 - Merger / Acquisition - View Story

  • Westpac Bank Institutional Head Phil Chronican Resigns

    6/23/09 - Mgmt. Change Leaving - Other - View Story

News & Analysis

westpac banking corp. - All News and Analysis

  • Westpac Profit Tumbles 10.7%

    AAP - 2009-11-04

    Westpac Banking Corporation has reported a 10.7 per cent decline in full year profit and says it's entering the new fiscal year with strong momentum as the bad debt credit cycle stabilises.Net profit was $3.446 billion for the 12 months to September 30, compared with $3.859 billion in the...

    Tags: Bank, Westpac Banking Corp., Earnings, Financial Services, Financial Accounting, Finance, AAP

  • Eyes on Westpac's debts ahead of results

    BNET - 2009-11-03

    AAP Investors will be looking to see whether bad debts at Westpac Banking Corporation have peaked when Australia's second biggest lender reports earnings this week. Westpac, the last of Australia's banks to report its fiscal 2009 earnings, said in August that bad debts had risen in the third quarter, while...

    Tags: debt, Westpac Banking Corp.

  • Westpac Result to Show How Debts Going

    AAP - 2009-11-02

    Investors will be looking to see whether bad debts at Westpac Banking Corporation have peaked when Australia's second biggest lender reports earnings this week.Westpac, the last of Australia's banks to report its fiscal 2009 earnings, said in August that bad debts had risen in the third quarter, while it...

    Tags: Bank, Westpac Banking Corp., Financial Services, AAP

  • Westpac Court Loss in NZ to Cost $A760m

    BNET - 2009-10-08

    Westpac Banking Corporation has lost a New Zealand High Court judgment which will cost Australia's second biggest lender $NZ918 million ($A760.22 million). The total cost takes into account nine transactions that were disputed by the Commissioner of Inland Revenue CIR and the bank, made up of core tax of $NZ586...

    Tags: Westpac Banking Corp.

  • ANZ lifts home loan rates by 25bps

    BNET - 2009-10-07

    By a staff reporter ANZ Banking Group Ltd has become the first major lender to lift home loans rates following the central bank's rate rise this week, announcing it will lift its variable rate mortgage products by 25 basis points. "Interest rates for ANZ's variable rate mortgage products will increased...

    Tags: publication, basis point, Westpac Banking Corp., mortgage product

  • Big four banks put home-loan rates under review

    BNET - 2009-10-05

    AAP Australia's big four banks are reviewing their standard variable mortgage interest rates after the Reserve Bank of Australia unexpectedly increased the overnight cash rate by 25 basis points to 3.25 per cent. "We're reviewing our rates," Commonwealth Bank of Australia Ltd spokesman Steve Batten said. Spokespersons from ANZ Banking...

    Tags: Interest Rate, Westpac Banking Corp., Basis Point

  • Westpac 3Q Cash Earnings at $1.1b

    BNET - 2009-08-21

    Westpac Banking Corporation posted third quarter cash earnings of $1.1 billion as Australia's biggest bank by market value increased lending and deposits. Bad debts for three months to June 30 increased to $865 million from $811 million in the preceding quarter, Sydney-based Westpac said in a statement on Friday. The...

    Tags: Westpac Banking Corp.

  • BREAKFAST DEALS: China billion

    BNET - 2009-08-11

    Lunch isn't just for wimps. Check out LUNCH DEALS for more wheels and deals later today. China hasn't completely turned off Australia, with rumours of China Investment Corporation buying a $1 billion convertible note in Fortescue following its investment in Goodman Group. Also, Rio Tinto's Stern Hu is expected to...

    Tags: rumour, Rio Tinto, coal, Westpac Banking Corp.

  • Westpac Banking Corporation Releases Its 2008 Annual Review and 2008 Annual Report

    - 2008-11-19

    SYDNEY -- Westpac Banking Corporation Westpac has filed its Annual Financial Report on Form 20-F with the US Securities and Exchange Commission SEC for the financial year ended 30 September 2008. Westpac has also lodged the following with the Australian Securities Exchange, Sydney: * 2008 Notice of Annual...

    Tags: SEC, Westpac Banking Corp.

  • Australian government watching bank mega merger: PM

    - 2008-05-13

    SYDNEY AFP — Australian leader Kevin Rudd Wednesday said he was committed to maintaining competition in the banking sector, after two banks agreed to merge to create the nation's biggest financial services group. Prime Minister Rudd, whose centre-left Labor government has been critical of the fees charged by banks,...

    Tags: Westpac Banking Corp.

Decision Makers

Name (plus bio) Position
Peter H Winder Chief Manager and Senior Vice President
Philip Chronican CFO
Rob Whitfield Chief Risk Officer
Robert Rennie Chief Currency Strategist
Simon McNamara Group Chief Information Officer
Simon Ling Director, Corp Securities
Ann Sherry Pacific Banking
Brian Leedman Marketing and Communications Specialist
David Malcolm Head of Credit Risk
Huw McKay Senior International Economist
Ilana Atlas Group Executive, People & Performance
Michael Pratt Group Executive, Business and Consumer Banking
Richard Willcock General Counsel & Secretary
Scott Barnett Head of Consumer Mortgage Operations
Gordon M Cairns Director

Board of Directors

Name (plus bio) Position
Carolyn Hewson Board of Directors
Helen Lynch Board of Directors
Peter Hawkins Board of Directors
Peter Wilson Board of Directors
Ted Evans Board of Directors

Organization Position Status
Nyack Management Company, Inc. Vice President Current
Westpac Banking Corporation Chief Manager and Senior Vice President Current
Westpac Banking Corporation Vice President, United States Division Former
Nyack Management Company, Inc. Financial Consultant Former
University of Sydney Bs In Engineering Former

Organization Position Status
Westpac Banking Corporation CFO Current
West-Pac Former

Organization Position Status
Westpac Banking Corporation Chief Risk Officer Current
West-Pac Former

Organization Position Status
Westpac Banking Corporation Chief Currency Strategist Current

Simon McNamara is currently the Group Chief Information Officer for the Westpac Banking Corporation and is regularly invited by various Banking and IT Organisations to speak at forums and conferences. His extensive qualifications include a Bachelor of Science (Honours) in Economics and Statistics as well as a Post Graduate Diploma in Computer Science. Previously, Simon has held various positions with Financial Institutions in London including Global CIO at Deutsche Bank, and Head of Trading Technology at Midland Bank/Midland Montagu. Over the last number of years Simon has been integral in arranging and fully supporting secondments of Westpac members to the Cape York Program. Simon brings to the project over twenty years of experience with various organisations around the world.

Organization Position Status
Westpac Banking Corporation Group Chief Information Officer Current
Financial Institutions, Inc. Former

Organization Position Status
Westpac Banking Corporation Director, Corp Securities Current
Westpac Banking Corporation Director, Corp Securities Former

Organization Position Status
Globewomen, Inc President and Chief Executive Officer Current
West-Pac Group Executive Current
Westpac Banking Corporation Pacific Banking Current
Speakers Network International Current

Organization Position Status
Psivida Limited Vice President of Investor Relations Current
Westpac Banking Corporation Marketing and Communications Specialist Current
Commerce Corp. Board Member Current
University Corp. Master of Business Administration Former
University Corp. Bachelor of Economics Former

Organization Position Status
Westpac Banking Corporation Head of Credit Risk Current
Rma Australia Treasurer Current
Sydney university Bachelor of Arts Former

Huw McKay, the Senior International Economist at Westpac Banking Corporation, joined Westpac's economic team in 2000. He is Bank's spokesperson on pan-Asian economic and market issues.

Organization Position Status
Westpac Banking Corporation Senior International Economist Current
Lowy Institute Current

Organization Position Status
Westpac Banking Corporation Group Executive, People & Performance Current
West-Pac Group Secretary Former

Organization Position Status
Westpac Banking Corporation Group Executive, Business and Consumer Banking Current
Bank of New Zealand Chief Executive Officer Former
National Australia Bank Limited Chief Executive Officer, Australian Financial Services Former
Bank of New Zealand Managing Director Former

Organization Position Status
Westpac Banking Corporation General Counsel & Secretary Current
West-Pac Former

Organization Position Status
Westpac Banking Corporation Head of Consumer Mortgage Operations Current

Organization Position Status
The Australian Gas Light Company Board of Directors Current
Westpac Banking Corporation Board of Directors Current
Westpac Banking Corporation Director Former
Colortone Audio-Visual Staging Director Former

Organization Position Status
Health-Corp Board of Directors Current
Westpac Banking Corporation Director Current
University of Edinburgh Master of Arts (Honours) Former

Organization Position Status
Westpac Banking Corporation Board of Directors Current
West-Pac Former

Organization Position Status
Debtconnection.Com Board of Directors Current
Liberty Financial Board of Directors Current
Westpac Banking Corporation Board of Directors Current
Merchant Advisory Group (Mag) Board of Directors Current
Inovant, LLC Director of Visa International Former
Victoria University Bachelor of Commerce and Administration Degree Former
Victoria University Degree Former

Organization Position Status
Westpac Banking Corporation Board of Directors Current
Ernst & Young partner Former

Organization Position Status
Westpac Banking Corporation Board of Directors Current
Commonwealth Bank of Australia Former
West-Pac Former
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WBK $121.64 +2.23 (1.87% )
Volume 9,231
Shares Outstanding 588.2M
Market Cap 71.5B
Year High 128.48
Year Low 45.16
Earnings Per Share 5.80
P/E Ratio 20.9724
Dividend 4.8140
Yield 3.9576
IndustryTop Rated

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