what does westpac own


Of course, the future is what really matters. Comprising three internal operating divisions: Treasury; Group Technology; and Core Support.

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Understand the main operating divisions of Westpac Banking Corporation, including Revenue and Assets under each Segment, Industries and Geographic Locations Westpac Banking Corporation operates in.
Westpac Group divides its operations into the following five primary operating divisions: The Consumer Bank provides sales and service of banking, financial services and insurance products for Australian consumers under the following brands: Westpac, Bank of Melbourne, BankSA, RAMS, St George and BT brands. Through these brands we serve over 13 million customers.

Westpac is Australia’s oldest bank and company, one of four major banking organisations in Australia and one of the largest banks in New Zealand. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. We can see that Westpac Banking does have institutional investors; and they hold 20% of the stock. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Westpac Banking Corporation is an Australian public company that obtains its revenue from the provision of financial services including lending, deposit-taking, payment services, foreign exchange services, superannuation and funds management, investment portfolio management, insurance services and other general financial services. By continuing to use this website you agree to the use of these technologies.

The Business Bank provides banking and financial services and products to micro entities, small to medium enterprises and commercial businesses up to approximately $150 million. Does Westpac Banking Boast High Insider Ownership? 24 Kippax St, Sydney ACN 600 056 611, Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Your abbreviation search returned 3 meanings. Compare Australian bank accounts If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. With this size of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. A high-level overview of Westpac Banking Corporation’s registered business details, a company synopsis, history and background, as well as Westpac Banking Corporation’s main brands and products. With a market capitalization of AU$100b, Westpac Banking is rather large. Westpac is listed on both the Australian Securities Exchange and New Zealand Stock Exchange under the symbol WBC, and on the New York Stock Exchange under the symbol WBK. Though their holding amount to less than 1%, we can see that board members collectively own AU$32m worth of shares (at current prices). Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor at [email protected]. The company has operations throughout Australia and New Zealand, as well as the Pacific Islands, Asia, Europe, and the US. These may change or we may introduce new ones in the future.

The company management answer to the board; and the latter should represent the interests of shareholders. It also provides services to customers of high net worth under its Private Wealth division and distributes superannuation, investments and retirement products. The general public — mostly retail investors — own 80% of Westpac Banking. Westpac employs 33,288 full-time equivalent employees across its operations and is headquartered in Sydney. Our notice explains how we use cookies and how you can manage them. Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers Westpac New Zealand Limited and Westpac Banking Corporation.

Note: we do not provide a full financial details for all company profiles. Westpac has the largest global ATM network with more 50,000 ATMs around the globe. Understand the competitive threats and opportunities within the industries Westpac Banking Corporation operates in.

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