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April 27, 2015 6:06 AM ET

Banks

Company Overview of Westpac New Zealand Limited

Company Overview

Westpac New Zealand Limited provides consumer, business, and institutional banking services to individuals, small and medium sized enterprises, and corporate customers in New Zealand. It operates through Retail Banking, Business Bank and Wealth, and Corporate and Institutional segments. The company’s personal banking services include savings and transaction accounts, term investments, debit and credit cards, home loans, personal loans, investment solutions and advisory services, and foreign exchange services; and life, income and debt, home and content, cars and other vehicles, and travel insurance, as well as mobile and online banking services. Its business banking services comprise corpora...

Takutai Square

16 Takutai Square

Auckland,  1010

New Zealand

Founded in 1861

Key Executives for Westpac New Zealand Limited

Chief Executive Officer and Director
Age: 56
Chief Financial Officer
Chief Executive Officer of Westpac Banking Corporation and Director of Westpac Banking Corporation
Age: 58
General Manager of Regulatory Affairs & Corporate Services and General Counsel
Chief Risk Officer
Compensation as of Fiscal Year 2014.

Westpac New Zealand Limited Key Developments

Westpac New Zealand Limited Appoints David Alexander Mclean as Director

Westpac New Zealand Limited announced that David Alexander McLean was appointed as a Director of the company on 2 February 2015.

Westpac New Zealand Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

Westpac New Zealand Limited reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the period, the company reported interest income of NZD 1,099 million against NZD 955 million a year ago. Net operating income was NZD 541 million against NZD 547 million a year ago. Operating profit was NZD 308 million against NZD 325 million a year ago. Profit before income tax expense was NZD 308 million against NZD 325 million a year ago. Profit after income tax expense attributable to owners of the Banking Group was NZD 221 million against NZD 246 million a year ago. Net cash provided by operating activities was NZD 170 million against net cash used in operating activities of NZD 1,070 million a year ago. Purchase of property, plant and equipment was NZD 3 million against NZD 3 million a year ago.

Westpac New Zealand Limited Appoints David Mclean as Chief Executive Officer

Westpac New Zealand Limited announced that David McLean appointed as Chief Executive Officer of the company.

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