Westpac Banking Corporation

Westpac Banking Corporation

About Westpac Banking Corporation

Westpac (a portmanteau of "Western-Pacific", registered as Westpac Banking Corporation, ASX: WBC, NZX: WBC), is a multinational financial services, one of the Australian "big four" banks and the second-largest bank in New Zealand. As of November 2011, Westpac has 12.2 million customers, Australia's largest branch network with almost 1200 branches and a network with more than 2800 ATMs. The bank is Australia's second-largest provider of home lending and Australia's second-largest provider of wealth platforms by funds under administration. The bank is Australia's second-largest business banking lender and Australia's second-largest bank by assets. Westpac was recognised by the Dow Jones Sustainability Index as the most sustainable bank in the world for five years running, until ANZ who shared the title in 2007 was solely awarded in 2008. Westpac's core business consists of nine business units (five customer facing) through which it serves around 8.2 million customers.

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