Westpac

Westpac Banking Corporation

Headquarters at Westpac Place in Sydney
Company type	Public company
Traded as	ASX: WBC NZX: WBC S&P/ASX 200 component
Industry	Banking Financial services
Predecessor	Bank of New South Wales Commercial Bank of Australia
Founded	8 April 1817 (1817-04-08) (as the Bank of New South Wales) 4 May 1982 (1982-05-04) (as Westpac Banking Corporation)
Headquarters	Westpac Place Sydney, Australia
Area served	Worldwide
Key people	John McFarlane (Chairman) Peter King (CEO)
Products	Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards
Operating income	A$21.65 billion (2023)[1]
Net income	A$7.20 billion (2023)[1]
Total assets	A$1.02 trillion (2023)[1]
Total equity	A$71.27 billion (2023)[1]
Number of employees	36,146 (2023)[1]
Subsidiaries	BankSA, Bank of Melbourne, St.George Bank, RAMS, Westpac
Website	westpac.com.au westpac.co.nz

Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney.^[2]

Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific".

As of 2023, Westpac has 13 million customers worldwide, and employs around 36,000 people.^[1]

In 2022, Westpac held the 53rd position in the "Top 1000 World Banks".