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Last A$33.65 AUD
Change Today +0.69 / 2.09%
Volume 9.2M
As of 2:10 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

275 Kent Street

Sydney, NSW 2000

Australia

Phone: 61 2 9374 7113

Fax: 61 2 8253 4128

pecialist product teams. Banking products are provided under the Westpac and WIB brands while insurance and wealth products are provided under Westpac Life and BT brands respectively. Other divisions of the company include the following: Westpac Pacific provides banking services for retail and business customers in seven Pacific Island Nations. Branches, ATMs, telephone banking and Internet banking channels are used to deliver business activities in Fiji, Papua New Guinea (PNG), Vanuatu, Cook Islands, Tonga, Solomon Islands and Samoa. Westpac Pacific’s financial products include personal savings, business transactional accounts, personal and business lending products, business services and a range of international products; Group Services encompass technology, banking operations, compliance, legal and property services; Treasury is primarily focused on the management of the company’s interest rate risk and funding requirements; and Core Support comprises those functions performed centrally, including finance, risk and human resources. Regulations Australia Within Australia, the company is subject to supervision and regulation by six principal agencies: Australian Prudential Regulation Authority; the Reserve Bank of Australia (RBA); the Australian Securities and Investments Commission (ASIC); the Australian Securities Exchange (ASX); the Australian Competition and Consumer Commission (ACCC); and the Australian Transaction Reports and Analysis Centre (AUSTRAC). The company’s New York branch is the U.S. federally licensed branch and therefore is subject to supervision, examination and regulation by the U.S. Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the U.S. Federal Reserve) under the U.S. International Banking Act of 1978 (IBA) and related regulations. Significant Events In December 2014, Westpac Banking Corporation has opened a new sub-branch in Shanghai's free trade zone to support clients through easier investment controls and financial liberating policies. History Westpac Banking Corporation was founded in 1817. In 1850, the company was incorporated as the Bank of New South Wales by an Act of the New South Wales Parliament. In 1982, it changed its name to Westpac Banking Corporation following merger with the Commercial Bank of Australia. In 2002, the company was registered as a public company limited by shares under the Australian Corporations Act 2001 (Cth) (Corporations Act).

 

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Industry Analysis

WBC

Industry Average

Valuation WBC Industry Range
Price/Earnings 14.6x
Price/Sales 5.4x
Price/Book 2.1x
Price/Cash Flow 14.0x
TEV/Sales NM Not Meaningful
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