37.03
+1.06%
Close of 6 Nov 2026, in AUD
About Westpac Banking
Its shares trade on ASX under the ticker WBC.AX. It has been listed since 18 July 1970. In the fiscal year to 30 September 2025, it reported net income of A$6.91bn. At that date it held total assets of A$1.13trn and shareholders' equity of A$72.77bn.
Westpac Banking Corp. engages in the provision of banking and financial services. The company is headquartered in Sydney, New South Wales. The firm provides a range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. The Company’s operations consist of various divisions including Consumer, Business, Westpac Institutional Bank (WIB) and Westpac New Zealand. Consumer division is responsible for sales and service to consumer customers in Australia. Business division provides business banking and wealth facilities and products for customers across Australia. WIB delivers a broad range of financial products and services to commercial, corporate, institutional and government customers operating in, or with connections to Australia and New Zealand. Westpac New Zealand is responsible for sales and service of banking, wealth and insurance products for consumer, business and institutional customers in New Zealand.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 18 Jul 1970
- Employees
- 30,913
- Website
- westpac.com.au ↗
Leadership
Pay as last reported
- Mr. Steven GreggNon-Executive Independent Chairman of the BoardA$716,637
- Mr. Anthony MillerGroup Chief Executive Officer, Managing DirectorA$3.6m
- Mr. Nathan GoonanChief Financial Officer
- Mr. Michael RowlandChief Financial OfficerA$3.0m
- Ms. Nell HuttonChief Executive of Westpac Institutional BankA$3.3m
- Ms. Catherine McgrathChief Executive Officer of Westpac New ZealandA$2.2m
- Mr. Peter TransformationActing Chief Executive - Business & Wealth, Chief Transformation Officer
- Mr. Jason YettonChief Executive - ConsumerA$3.3m
- Mr. Scott CollaryGroup Chief Information Officer - TechnologyA$3.4m
- Mr. Ryan ZaninChief Risk OfficerA$4.2m
- Ms. Shannon FinchGroup General Counsel
- Mr. Peter HerbertChief Transformation Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 74
- Environment
- 88
- Social
- 59
- Governance
- 74
- Direct emissions (scope 1)
- 6,559 t
- Energy emissions (scope 2)
- 60,481 t
- Value chain emissions (scope 3)
- 39,973,112 t
- Women in the workforce
- 54.46963%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Market Position: Westpac Banking Corp holds a significant market share in the Australian banking industry, providing a solid foundation for growth.
- Diverse Product Portfolio: The bank offers a wide range of financial products and services, including retail banking, corporate banking, wealth management, and insurance, catering to the varied needs of its customers.
- Robust Technology Infrastructure: Westpac has invested heavily in modern technology, enabling seamless digital banking experiences and enhanced security measures.
Weaknesses
- Customer Complaints: There have been occasional reports of dissatisfied customers regarding poor customer service and complex banking processes, which could impact customer retention.
- Reliance on Australian Market: Being heavily focused on the Australian market makes Westpac vulnerable to any significant changes in the local economy or financial regulations.
- Reputation Risk: The bank has faced regulatory scrutiny and legal challenges in the past, potentially affecting its brand reputation and customer trust.
Opportunities
- Expansion into Asia-Pacific Region: Westpac can leverage its existing expertise and expand its operations into the growing markets of the Asia-Pacific region, tapping into new customer segments.
- Innovation and Fintech Partnerships: Collaborating with fintech companies and embracing innovative technologies can enable the bank to enhance its product offerings, streamline operations, and stay competitive.
- ESG Focus: There is a rising demand for sustainable and socially responsible investing. Westpac can capitalize on this trend by promoting environmental, social, and governance (ESG) initiatives and services.
Threats
- Economic Uncertainty: Volatile economic conditions, including global market fluctuations, could impact the profitability and stability of the banking sector, including Westpac.
- Regulatory Changes: Changes in banking regulations and compliance requirements may pose challenges for the bank, necessitating adaptation and potential additional costs.
- Intense Competition: The Australian banking industry is highly competitive, with both traditional banks and new entrants vying for market share. This could pressure Westpac's margins and customer base.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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