Westpac Banking Corporation operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Westpac Banking with three other
banks in Australasia:
Australia and New Zealand Banking Group Limited
sales of 30.02 billion Australian Dollars [US$21.75 billion]
of which 26%
Bendigo and Adelaide Bank Ltd
(2.53 billion Australian Dollars [US$1.84 billion]
of which 43%
was Consumer), and
Commonwealth Bank of Australia
(35.45 billion Australian Dollars [US$25.69 billion]
of which 32%
was Retail Banking Services).
During the second
quarter of 2021, sales at Westpac Banking totalled
This is a drop of 15.0%
from the A$16.39 billion in sales at the company during the second quarter in 2020.
During the year ended September of 2020, sales at
Westpac Banking were A$30.47 billion (US$22.08 billion).
decrease of 18.0%
versus 2019, when the company's sales were A$37.16 billion.
Contributing to the drop in overall sales was the 23.0% decline
in Westpac Institutional Bank, from A$1.44 billion to A$1.11 billion.
There were also decreases in sales in
Business (down 18.2% to A$4.16 billion)
West Pac New Zealand (down 1.5% to A$1.83 billion)
However, these declines were partially offset by the increase in sales of
Consumer (up 7.6% to A$8.55 billion)
Group Businesses (up 45.9% to A$899.00 million)