Company Westpac Banking Corporation

WBC

AU000000WBC1

Banks

Delayed Australian S.E. Other stock markets 09:23:21 2024-12-02 pm EST			5-day change	1st Jan Change
33.70 ^AUD	+1.29%		+2.31%	+47.21%

Dec. 02	UBS Upgrades Westpac Banking to Buy from Neutral; Price Target is AU$37	MT
Dec. 02	Morgans Financial Downgrades Westpac Banking to Reduce from Hold; Price Target is AU$27.77	MT

Business description: Westpac Banking Corporation

Westpac Banking Corporation is an Australia-based company that provides banking and selected financial services, operating under multiple brands, and predominantly in Australia and New Zealand, with a small presence in Europe, North America and Asia. Its segments include Consumer, Business and Wealth, Westpac Institutional Bank (WIB), Westpac New Zealand and Group Businesses. Consumer segment provides a full range of banking products and services to customers in Australia through three lines of business consisting of mortgages, consumer finance and cash and transactional banking. Business and Wealth segment comprises business banking, wealth management, private wealth, Westpac Pacific and auto finance. The WIB segment delivers a range of financial products and services to corporate, institutional and government customers. Westpac New Zealand segment provides banking, and wealth products and services for consumer, business and institutional customers in New Zealand.

Number of employees: 33,583

Sales by Activity: Westpac Banking Corporation

Fiscal Period: September	2020	2021	2022	2023	2024
Consumer	8.1B	9.02B	9.4B	9.33B	7.91B
Business & Wealth	3.35B	5.1B	3.21B	4.21B	5.99B
Westpac Institutional Bank	1.89B	1.86B	2.16B	2.8B	3.38B
Westpac New Zealand	1.85B	2.39B	2.53B	2.43B	2.61B
Group Businesses	1.21B	1.2B	976M	875M	1.15B
Specialist Businesses	1.04B	2.06B	389M	1.34B	-
Unallocated Net Cash Earnings Adjustments	-443M	184M	605M	-	-

See all business segments

Geographical breakdown of sales: Westpac Banking Corporation

Fiscal Period: September	2020	2021	2022	2023	2024
Australia	26.14B	22.79B	20.2B	40.22B	48.44B
New Zealand	3.44B	3.51B	5.01B	5.05B	6.81B
Other Overseas	960M	345M	488M	1.8B	1.93B

See all geographic segments

Managers: Westpac Banking Corporation

Director	Title	Age	Since
Peter King CEO	Chief Executive Officer	54	2020-03-31
Michael Rowland DFI	Director of Finance/CFO	63	2020-07-13
Scott Collary COO	Chief Operating Officer	60	2020-10-31
Justin McCarthy IRC	Investor Relations Contact	-	2022-12-31
Carolyn Mccann PRN	Corporate Officer/Principal	-	2023-07-31

See WESTPAC BANKING CORPORATION governance

Members of the board: Westpac Banking Corporation

Manager	Title	Age	Since
Peter King BRD	Director/Board Member	54	2019-11-30
Nerida Caesar BRD	Director/Board Member	60	2017-08-31
Peter Nash BRD	Director/Board Member	62	2018-02-28
Margie Seale Seale BRD	Director/Board Member	63	2019-02-28
Audette Exel BRD	Director/Board Member	61	2021-08-31
Tim Burroughs BRD	Director/Board Member	70	2023-03-09
Michael Ullmer BRD	Director/Board Member	72	2023-04-02
Steven Gregg CHM	Chairman	63	2023-11-06
Andrew Maguire BRD	Director/Board Member	57	2024-06-30

Composition of the Board of Directors

Shareholders: Westpac Banking Corporation

Name	Equities	%	Valuation
The Vanguard Group, Inc. 5.707 %	196,209,089	5.707 %	4 128 M $
State Street Global Advisors Trust Co. 1.124 %	38,649,483	1.124 %	813 M $
Advance Asset Management Ltd. 0.4937 %	16,975,412	0.4937 %	357 M $
Netwealth Investments Ltd. 0.4824 %	16,586,728	0.4824 %	349 M $
Australian Foundation Investment Co. Ltd. (Invt Mgmt) 0.4229 %	14,539,989	0.4229 %	306 M $

Name	Equities	%	Valuation
BetaShares Capital Ltd. 1.869 %	27,106,096	1.869 %	19 M $
Coolabah Capital Institutional Investments Pty Ltd. 0.0229 %	332,713	0.0229 %	229 040 $

Name	Equities	%	Valuation
BetaShares Capital Ltd. 1.548 %	23,372,500	1.548 %	16 M $
Coolabah Capital Institutional Investments Pty Ltd. 0.0157 %	236,707	0.0157 %	165 896 $

Name	Equities	%	Valuation
BetaShares Capital Ltd. 1.549 %	27,106,338	1.549 %	19 M $
Coolabah Capital Institutional Investments Pty Ltd. 0.0681 %	1,192,583	0.0681 %	837 539 $

Name	Equities	%	Valuation
BetaShares Capital Ltd. 154.89 %	26,181,044	154.89 %	18 M $
Coolabah Capital Institutional Investments Pty Ltd. 1.255 %	212,167	1.255 %	142 472 $

Name	Equities	%	Valuation
Coolabah Capital Institutional Investments Pty Ltd. 0.0361 %	620,402	0.0361 %	43 M $
BetaShares Capital Ltd. 0.0155 %	266,867	0.0155 %	18 M $

List of WESTPAC BANKING CORPORATION shareholders

Holdings: Westpac Banking Corporation

Name	Equities	%	Valuation
MICROSOFT CORPORATION 0.00%	238,987	0.00%	97,112,367 $
NVIDIA CORPORATION 0.00%	716,432	0.00%	95,113,512 $
APPLE INC. 0.00%	384,314	0.00%	86,820,376 $
AMAZON.COM, INC. 0.00%	252,897	0.00%	47,140,001 $
ALPHABET INC. 0.00%	246,826	0.00%	42,234,397 $
META PLATFORMS, INC. 0.00%	60,233	0.00%	34,187,046 $
ELI LILLY AND COMPANY 0.00%	28,874	0.00%	23,957,913 $
BROADCOM INC. 0.00%	115,364	0.00%	19,585,346 $
UNITEDHEALTH GROUP INC. 0.00%	33,387	0.00%	18,846,962 $
INTUIT INC. 0.01%	29,249	0.01%	17,850,665 $

Company details: Westpac Banking Corporation

Westpac Banking Corp.

275 Kent Street Level 18

2000, Sydney

+61 2 9155 7713

http://www.westpac.com.au/

address Westpac Banking Corporation(WBC)

Group companies: Westpac Banking Corporation

Name	Category and Sector
Westpac NZ Securitisation Ltd. Westpac NZ Securitisation Ltd. Finance/Rental/LeasingFinance Part of Westpac Banking Corp., Westpac NZ Securitisation Ltd. issues Asset-backed/Mortgage-backed/Structured Finance securities. The company is located in New Zealand.	Finance/Rental/Leasing
BT Private Nominees Pty Ltd. BT Private Nominees Pty Ltd. Regional BanksFinance Part of Westpac Banking Corp., BT Private Nominees Pty Ltd. acts as a nominee/trust/depository. The company is located in Australia.	Regional Banks
Westpac Capital Markets LLC Westpac Capital Markets LLC Investment Banks/BrokersFinance Part of Westpac Capital Markets Holding Corp., Westpac Capital Markets LLC is a company based in New York, NY.	Investment Banks/Brokers
Westpac Securities NZ Ltd. Westpac Securities NZ Ltd. Financial ConglomeratesFinance Part of Westpac Banking Corp., Westpac Securities NZ Ltd. is a large business and employer that touches the lives of more than 1.5 million customers, 5,000 employees, and communities nationwide. Based in Auckland, New Zealand, they work with local specialists who understand their customers' industries and help them achieve their goals. The New Zealander company provides a range of banking options and specialized assistance to drive business success. With a focus on genuine relationships, superior products, and exemplary execution, Westpac offers online banking, bank accounts, home loans/mortgages, credit cards, personal loans, foreign exchange, insurance, KiwiSaver, and savings and investment solutions to Kiwis.	Financial Conglomerates
BT Property Securities Index Fund	Investment Trusts/Mutual Funds

See all subsidiaries

Other Banks

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WESTPAC BANKING CORPORATION	+1.95%	+1.54%	+58.60%	+65.81%	74.62B
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ROYAL BANK OF CANADA	-0.20%	+0.62%	+43.00%	+39.81%	178B
COMMONWEALTH BANK OF AUSTRALIA	+0.43%	-0.78%	+51.15%	+65.68%	173B
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Average	+0.66%	+0.37%	+38.59%	+38.58%	247.59B
Weighted average by Cap.	+0.46%	+0.46%	+42.25%	+37.35%