 | |
 Headquarters at Westpac Place in Sydney | |
| Company type | Public |
|---|---|
| |
| Industry | Financial services |
| Predecessor | Bank of New South Wales Commercial Bank of Australia |
| Founded | 8 April 1817 (as the Bank of New South Wales) 4 May 1982 (as Westpac Banking Corporation) |
| Headquarters | Westpac Place Sydney, Australia |
Area served | Worldwide |
Key people | John McFarlane (Chairman) Peter King (CEO) |
| Products | |
 A$21.59 billion (2024)[1] | |
| A$6.99 billion (2024)[1] | |
| Total assets |  A$1.06 trillion (2024)[1] |
| Total equity | A$71.55 billion (2024)[1] |
Number of employees | 35,240 (2024)[1] |
| Subsidiaries | BankSA, Bank of Melbourne, St.George Bank, RAMS, Westpac New Zealand |
| Website | |
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney.[2]
Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific".
As of 2024, Westpac has 13 million customers worldwide, and employs around 35,000 people.[1]
In 2022, Westpac held the 53rd position in the "Top 1000 World Banks".
- ^ a b c d e f "2024 Annual Report" (PDF). Westpac Banking Corporation. Retrieved 14 November 2024.
- ^ Wootton, Hannah (11 March 2020). "Westpac evacuates floors in Sydney HQ due to suspected virus". Australian Financial Review. Retrieved 27 August 2020.