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July 05, 2015 9:19 PM ET


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: 57
Chief Executive Officer of Westpac Banking Corporation and Director of Westpac Banking Corporation
Age: 59
Chief Information Officer
General Manager of Human Resources
General Manaer of Commercial, Corporate & Institutional
Compensation as of Fiscal Year 2015.

Westpac New Zealand Limited Key Developments

Westpac New Zealand Ltd Announces Resignation of Leigh as CFO

Leigh leaves Westpac New Zealand Ltd, where he has spent four years as CFO, to take up the role at the bank, which is being created from the sale by RBS of around 300 branches and other business banking elements.

Westpac New Zealand Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2015

Westpac New Zealand Limited reported unaudited consolidated earnings results for the six months ended March 31, 2015. For the period, the company reported net interest income was $876 million against $796 million a year ago. Net operating income was $1,074 million against $1,038 million a year ago. Operating profit was $627 million against $628 million a year ago. Profit before income tax expense was $627 million against $628 million a year ago. Profit after income tax expense attributable to owners of the Banking Group was $450 million against $463 million a year ago. Net cash used in operating activities was $115 million against $998 million a year ago. Purchase of property, plant and equipment was $3 million against $6 million a year ago.

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.

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