July 28, 2016 3:54 AM ET

Banks

Company Overview of Westpac New Zealand Limited

Company Overview

Westpac New Zealand Limited operates in the consumer banking and wealth, commercial corporate and institutional banking, and investment and insurance sectors in New Zealand. The company’s personal banking services include savings and transaction accounts, term investments, debit and credit cards, home loans, personal loans, investment solutions, 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 corporate online banking solutions, business term loans, equipment finance, business overdraft, payment solutions, trade finance and supply cha...

Takutai Square

16 Takutai Square

Auckland,  1010

New Zealand

Founded in 1861

Key Executives for Westpac New Zealand Limited

Chief Executive Officer and Executive Director
Age: 58
Chief Financial Officer
General Manager of Operations & Contact Centres
Chief Risk Officer
Chief Information Officer
Compensation as of Fiscal Year 2016.

Westpac New Zealand Limited Key Developments

Westpac New Zealand Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2016

Westpac New Zealand Limited reported unaudited consolidated earnings results for the six months ended March 31, 2016. For the period, the company reported interest income of $2,088 million compared to $2,188 million a year ago. Net interest income was $866 million against $876 million a year ago. Net operating income was $1,064 million against $1,074 million a year ago. Profit before income tax expense was $608 million against $627 million a year ago. Profit after income tax expense attributable to owners of the Banking Group was $440 million against $450 million a year ago. Net cash provided by operating activities was $1,065 million compared to net cash used in operating activities of $115 million a year ago. Purchase of property, plant and equipment was $4 million against $3 million a year ago. Purchase of capitalized computer software was $14 million against $21 million a year ago.

Westpac New Zealand Appoints Mary Quin to the Board of the Company

Westpac New Zealand appointed Mary Quin to the board of the company. Currently the Chief Executive of Callaghan Innovation Ms. Quin returned to New Zealand in 2013 after a highly successful near 30 year executive career in the United States that included companies such as Eastman Kodak and Xerox Corporation where she held roles with global responsibility.

Westpac New Zealand Limited Reports Consolidated Unaudited Earnings Results for the First Quarter Ended December 31, 2015

Westpac New Zealand Limited reported consolidated unaudited earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported net interest income of NZD 441 million against NZD 440 million a year ago. Net operating income was NZD 530 million against NZD 541 million a year ago. Operating profit was NZD 308 million against NZD 308 million a year ago. Profit before income tax expense was NZD 308 million against NZD 308 million a year ago. Profit after income tax expense was NZD 222 million against NZD 222 million a year ago. Profit after income tax expense attributable to owners of the Banking Group was NZD 222 million against NZD 221 million a year ago. Net cash provided by operating activities was NZD 465 million against NZD 287 million a year ago. Purchase of capitalised computer software was NZD 8 million against NZD 15 million a year ago. Purchase of property, plant and equipment was NZD 2 million against NZD 3 million a year ago.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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