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:
Commonwealth Bank of Australia
sales of 40.59 billion Australian Dollars [US$28.34 billion]
of which 28%
was Retail Banking Services),
Bendigo and Adelaide Bank Ltd
(2.95 billion Australian Dollars [US$2.06 billion]
of which 34%
was Consumer), and
Australia and New Zealand Banking Group Limited
(36.59 billion Australian Dollars [US$25.55 billion]
of which 22%
During the year ended September of 2019, sales at
Westpac Banking were A$37.19 billion (US$25.97 billion).
decrease of 2.9%
versus 2018, when the company's sales were A$38.28 billion.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Westpac Banking had sales
of A$38.55 billion.
Contributing to the drop in overall sales was the 24.1% decline
in Group Businesses, from A$812.00 million to A$616.00 million.
However, these declines were partially offset by the increase in sales of
Consumer (up 2.5% to A$7.94 billion)
Business (up 25.3% to A$5.09 billion)
West Pac New Zealand (up 8.1% to A$1.86 billion)
Westpac Institutional Bank (up 1.9% to A$1.44 billion)