Westpac Banking Corp
Westpac Banking Corp
Sector: Financial
Description
Westpac Banking Corporation provides diversified financial solutions, including savings deposits, mortgages, term loans and internet banking services.
The company was formerly known as Bank of New South Wales, established in 1817 under a government charter in Australia. However, in 1982, it acquired the Commercial Bank of Australia and rebranded itself with the present name as Westpac Banking Corporation.
The company provides a wide range of financial and banking services to businesses, consumers, institutional banking clients, corporate entities, etc. In addition, it also provides wealth management services.
The Australian bank provides various financial solutions, including:
• Credit card
• Bank account
• Personal loans
• Fixed band variable rate home loans
• Home insurance
• Car insurance
• Life insurance
• Business loans
• Bank accounts
• Share trading
• Investments
• Superannuation
• Mortgage
The banking firm also provides various online calculators for interest rates, premiums, mortgage, fixed deposits, business rates, personal loan rates, saving interest rates, etc.
Westpac Banking Corporation reportedly serves over 14.1 million customers with a full spectrum of banking services. In addition, the financial company provides agribusiness customers, small-to-medium businesses, commercial bodies with a diversified suite of banking services across Australia.
It also provides online banking services through the Westpac App, which includes cashless transactions, online payment of bills, money transfer, check balances, deposits, etc.
The financial company operates under the following customer segments:
• Group Businesses
• Consumer and Business
• New Zealand
• Specialist Businesses
• Westpac Institutional Bank
The Australian banking firm provides diversified financial solutions in association with its group of subsidiaries, including BankSA, St George Bank Limited, Bank of Melbourne, Planwise Au Pty Ltd, BT Securities Limited, Challenge Bank, Magnitude, Trust Bank and Canning Park Capital Pty Ltd. The diversified bank claims to help small and medium scale businesses and individuals rebuild their finances and aid them during financial crunch.
The company’s stocks trade on NYSE under ‘WBK’ ticker.
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