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 36.59 billion Australian Dollars [US$22.45 billion]
of which 22%
Commonwealth Bank of Australia
(40.59 billion Australian Dollars [US$24.90 billion]
of which 28%
was Retail Banking Services), and
Bendigo and Adelaide Bank Ltd
(2.95 billion Australian Dollars [US$1.81 billion]
of which 34%
During the year ended September of 2019, sales at
Westpac Banking were A$37.19 billion (US$22.81 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 Banking (up 1.9% to A$1.44 billion)