BNET Industries

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 WinderNumber of Employees 27,138
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Asian Stocks Trade Lower
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UPDATE 2-Australia's Westpac says bad debts have peaked
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PRESS DIGEST-Australian Business News - Nov 5
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Moody's affirms Westpac Banking ratings following lost tax case
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PRESS DIGEST-Australian Business News - Sept 28
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UPDATE 1-Australia Senate says bank merger ban should stay
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Westpac to acquire Kaplan Equity's ownership in Ascalon Capital Managers
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Top 10 Banks of Australia by Assets and Deposits
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ANZ, StanChart eye M&A in Asia to bolster growth
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Late-night resignation stirs Westpac suspicions
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Westpac Bank Institutional Head Phil Chronican Resigns
News & Analysis
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westpac banking corp. - All News and Analysis
Westpac Profit Tumbles 10.7%
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...
Eyes on Westpac's debts ahead of results
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...
Westpac Result to Show How Debts Going
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...
Westpac Court Loss in NZ to Cost $A760m
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...
ANZ lifts home loan rates by 25bps
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...
Big four banks put home-loan rates under review
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...
Westpac 3Q Cash Earnings at $1.1b
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...
BREAKFAST DEALS: China billion
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...
Westpac Banking Corporation Releases Its 2008 Annual Review and 2008 Annual Report
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...
Australian government watching bank mega merger: PM
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,...
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 |
| 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 |
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