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 39.50 billion Australian Dollars [US$30.31 billion]
of which 40%
Bendigo and Adelaide Bank Ltd
(3.01 billion Australian Dollars [US$2.31 billion]
of which 31%
was Local connection), and
Commonwealth Bank of Australia
(41.21 billion Australian Dollars [US$31.63 billion]
of which 27%
was Retail Banking Services).
During the year ended September of 2017, sales at
Westpac Banking were A$37.22 billion (US$28.56 billion).
decrease of 1.1%
versus 2016, when the company's sales were A$37.63 billion.
Contributing to the drop in overall sales was the 17.7% decline
in Group Businesses, from A$570.00 million to A$469.00 million.
There were also decreases in sales in
Westpac Institutional Banking (down 3.5% to A$1.51 billion)
However, these declines were partially offset by the increase in sales of
Consumer Bank (up 4.7% to A$7.51 billion)
Business Bank (up 2.4% to A$4.06 billion)
New Zealand Banking (up 2.5% to A$1.63 billion)
Bt Financial Group (up 7.8% to A$537.00 million)