Westpac

Westpac is a provider of commercial and personal banking products and services for individuals and businesses. Read more

6,630 Followers on Owler
6,630 Followers on Owler
6,630 Followers on Owler
6,630 Followers on Owler

Westpac

Westpac is a provider of commercial and personal banking products and services for individuals and businesses. Read more

Peter King's photo - CEO of Westpac

CEO

Peter King

CEO Approval Rating

65/100

Founded:

1817

Status:

PublicIndependent CompanyAustralian Securities ExchangeWBC

WESTPAC TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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CommBank is Westpac's #1 competitor. CommBank's headquarters is in Sydney, New South Wales, and was founded in 1911. Like Westpac, CommBank also works within the Banks sector. CommBank generates 127% of Westpac's revenue.

ANZ is one of Westpac's top rivals. ANZ was founded in Docklands, Victoria} in 1835. ANZ operates in the Insurance Brokers industry. Compared to Westpac, ANZ generates $35.8B more revenue.

NAB is one of Westpac's top competitors. NAB is a Public company that was founded in 1858 in Melbourne, Victoria. NAB is in the Banks industry. Compared to Westpac, NAB has 1,905 fewer employees.

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Is ASB Bank a competitor of Westpac?

Westpac Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$14.3B

Westpac's revenue is the ranked 5th among it's top 10 competitors. The top 10 competitors average 17.2B. Over the last two quarters, Westpac's revenue has decreased by 0%. Specifically, in Q3 2020's revenue was $14.3B; in Q2 2020, it was $14.3B.

Westpac Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Capital Finance Australia Limited

Jan 2014

Source »
undisclosed
-

-

BOS International Australia, Lloyds Banking Group PLC

Jan 2014

Source »
undisclosed
-
BT Financial Group

Jan 2002

Source »
undisclosed
BT Financial is engaged in providing insurance advisory, wealth and investment management services.

-

Trust Bank New Zealand Ltd

Jan 1966

Source »
$783.4M
-

These are all the companies that Westpac has acquired. Westpac has acquired 4 companies and its latest acquisition was Capital Finance Australia Limited in Jan 2014.

Westpac Funding History

No recent funding data found related to Westpac

Westpac Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

K&S Group is a provider of freight forwarding, warehousing, transportation, fuel distribution, and logistics services for businesses.
$200M
May 07, 2020
Debt
-
Whitehaven Coal is a mineral exploration company that produces and distributes coal to the industrial sector.
$578M
Mar 23, 2020
Debt
-
CFML is a fund management firm that offers loans for owner-occupied and investment properties.
$100M
Jan 19, 2020
Debt
-
Kredivo is an instant credit platform that offers point-of-sale credit financing solutions for E-commerce shoppers.
$90M
Dec 02, 2019
Series C
-
Spectur designs, develops and manufactures solar security and timelapse cameras for industrial and government sectors.
$1M
Jun 16, 2019
Debt
-

These are all the companies that Westpac has invested in. Westpac has invested 4 companies and its latest investment was Capital Finance Australia Limited in Jan 2014.

Westpac News

May 5, 2021Stuff - New Zealand

Westpac apologises for shutting Android payment app without having direct replacement ready

Bank apologies to customers for inconvenience.... See more »
May 5, 2021Finance News Network

RBA Monetary Policy, Westpac, Pinnacle Inv Mgmt, Deterra Royalties

05 May 2021 - Fund Manager Chris Pedersen looks at RBA Monetary Policy, Westpac Banking Corp (ASX:WBC... See more »
May 5, 2021FE Investegate

Half Year Dividend Details

11:48 AM: (32XA) Half Year Dividend Details... See more »
May 5, 2021Geelong Advertiser

ANZ beats and also exposes Westpac

WESTPAC supposedly more than tripled its profit, while ANZ "only" doubled its profit - but in real pr... See more »
May 4, 2021Emirates Business

Westpac's profit climbs on economic recovery

Bloomberg Westpac Banking Corp's half-year profit climbed as a continued recovery in the nation's eco... See more »
May 4, 2021Stuff - New Zealand

Union shuts down understaffed Westpac branch due to safety concerns

First Union closed up the bank's branch in The Plaza on Monday because only two staff were rostered o... See more »
May 3, 2021Australian Financial Review

Westpac digs in for the long haul in a low-rate world

Westpac boss Peter King is dispensing with the frills as the Sydney base bank digs in for a long peri... See more »

Westpac Press Releases

October 14, 2020News n Releases

Westpac Group to exit Beijing, Shanghai, Hong Kong, Mumbai, and Jakart

SYDNEY: Westpac Banking Corporation (Westpac Group) has decided to exit operations in Beijing, Shangh... See more »
August 18, 2020PressReleasePoint

Appointment of Chris Lynch to the Westpac Board

Westpac has today announced the appointment of Christopher (Chris) Lynch to the Westpac Board effecti... See more »
April 24, 2020PressReleasePoint

Westpac announces new JobKeeper assistance customer helpline

Westpac has announced a customer helpline for businesses impacted by COVID-19 who are waiting for Fed... See more »
February 18, 2020NewMediaWire

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Westpac Banking Corporation To Contact The Firm

NEW YORK, NY - (NewMediaWire) - February 18, 2020 - Faruqi & Faruqi, LLP, a leading national securiti... See more »
February 8, 2020NewsFile

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Westpac Banking Corporation To Contact The Firm

New York, New York--(Newsfile Corp. - February 7, 2020) - Faruqi & Faruqi, LLP, a leading national se... See more »
September 9, 2019PRWIRE

Big banks join low rate mortgage war

MEDIA ALERT 9 September 2019 Big banks join low rate mortgage war Westpac announces amazing new low r... See more »

Westpac Videos

Social Media

Westpac Headquarters

275 Kent Street Level 18

Sydney, New South Wales2000

61-2-9155-7713

Driving Directions »

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Westpac Summary

ABOUT

Overview

Westpac is a provider of commercial and personal banking products and services for individuals and businesses. Westpac was founded in 1817. Westpac's headquarters is located in Sydney, New South Wales, AU 2000. Westpac's CEO, Peter King, currently ha...

CEO

Westpac's CEO, Peter King, currently has an approval rating of 65%. Westpac's primary competitors are CommBank, ANZ & NAB.

Website

westpac.com.au

Frequently Asked Questions about Westpac

  1. When was Westpac founded?

    Westpac was founded in 1817
  2. Who is Westpac's CEO?

    Westpac's CEO is Peter King
  3. How much revenue does Westpac generate?

    Westpac generates $14.3B in revenue
  4. How much funding does Westpac have?

    Westpac has historically raised $0 in funding
  5. Where is Westpac's headquarters?

    Westpac's headquarters is in Sydney New South Wales, AU
  1. How many employees does Westpac have?

    Westpac has 36,849 employees
  2. What sector does Westpac operate in?

    Westpac is in Banks, Diversified Financial Services
  3. Who are Westpac's competitors?

    Westpac's top competitors are CommBank, ANZ, NAB
  4. Who has Westpac invested in?

    Westpac's has invested in companies such as K&S Group, Whitehaven Coal, Conrad Funds Management Limited