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Westpac
Australian multinational bank / From Wikipedia, the free encyclopedia
This article is about the bank. For the defunct airline, see Western Pacific Airlines.
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney.[2]
Quick Facts Company type, Traded as ...
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![]() Headquarters at Westpac Place in Sydney | |
Company type | Public company |
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Industry | Banking Financial services |
Predecessor | Bank of New South Wales Commercial Bank of Australia |
Founded | 8 April 1817 (1817-04-08) (as the Bank of New South Wales) 4 May 1982 (1982-05-04) (as Westpac Banking Corporation) |
Headquarters | Westpac Place Sydney, Australia |
Area served | Worldwide |
Key people | John McFarlane (Chairman) Peter King (CEO) |
Products | Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards |
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Total assets | ![]() |
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Number of employees | 36,146 (2023)[1] |
Subsidiaries | BankSA, Bank of Melbourne, St.George Bank, RAMS, Westpac |
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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 2023, Westpac has 13 million customers worldwide, and employs around 36,000 people.[1]
In 2022, Westpac held the 53rd position in the "Top 1000 World Banks".