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: September20202021202220232024

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: September20202021202220232024

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 TitleAgeSince
Chief Executive Officer 54 2020-03-31
Director of Finance/CFO 63 2020-07-13
Chief Operating Officer 60 2020-10-31
Investor Relations Contact - 2022-12-31
Corporate Officer/Principal - 2023-07-31
See WESTPAC BANKING CORPORATION governance

Members of the board: Westpac Banking Corporation

Manager TitleAgeSince
Director/Board Member 54 2019-11-30
Director/Board Member 60 2017-08-31
Director/Board Member 62 2018-02-28
Director/Board Member 63 2019-02-28
Director/Board Member 61 2021-08-31
Director/Board Member 70 2023-03-09
Director/Board Member 72 2023-04-02
Chairman 63 2023-11-06
Director/Board Member 57 2024-06-30
Composition of the Board of Directors

Shareholders: Westpac Banking Corporation

NameEquities%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 $
NameEquities%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 $
NameEquities%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 $
NameEquities%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 $
NameEquities%Valuation
BetaShares Capital Ltd.
-
26,181,044 - 18 M $
Coolabah Capital Institutional Investments Pty Ltd.
-
212,167 - 142 472 $
NameEquities%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

NameEquities%Valuation
238,9870.00%97,112,367 $
716,4320.00%95,113,512 $
384,3140.00%86,820,376 $
252,8970.00%47,140,001 $
246,8260.00%42,234,397 $
60,2330.00%34,187,046 $
28,8740.00%23,957,913 $
115,3640.00%19,585,346 $
33,3870.00%18,846,962 $
29,2490.01%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

NameCategory and Sector
Finance/Rental/Leasing
Regional Banks
Investment Banks/Brokers
Financial Conglomerates
BT Property Securities Index Fund
Investment Trusts/Mutual Funds
See all subsidiaries

Other Banks

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Change 5d. change 1-year change 3-years change Capi. ($)
-0.48%+1.70%+56.66%+61.88%73.79B
-0.58%-2.19%+56.10%+51.86%693B
-0.47%-1.43%+51.23%+4.30%361B
+2.39%+3.06%+27.91%+9.77%279B
-1.51%-3.59%+64.68%+51.58%251B
+2.03%+3.25%+35.20%+14.64%193B
+1.92%+2.20%+31.10%+35.40%184B
0.00%+1.17%+43.00%+37.19%177B
-0.62%+1.43%+49.03%+62.16%171B
+0.79%+1.36%+23.11%+72.31%165B
Average +0.41%-0.04%+43.80%+40.11% 254.77B
Weighted average by Cap. +0.26%-0.01%+46.27%+37.77%
See all sector performances
Trading Rating
Investor Rating
ESG Refinitiv
C
surperformance-ratings-light-chart WESTPAC-BANKING-CORPORATIMore Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
33.61AUD
Average target price
28.09AUD
Spread / Average Target
-16.43%
Consensus

Quarterly revenue - Rate of surprise

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