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 37.82 billion Australian Dollars [US$28.63 billion]
Commonwealth Bank of Australia
(41.19 billion Australian Dollars [US$31.18 billion]
of which 25%
was Retail Banking Services), and
Bendigo and Adelaide Bank Ltd
(3.08 billion Australian Dollars [US$2.33 billion]
of which 30%
was Local connection).
During the year ended September of 2016, sales at
Westpac Banking were A$37.63 billion (US$28.48 billion).
decrease of 4.9%
versus 2015, when the company's sales were A$39.56 billion.
The sales level in 2016 was fairly close to the level five years ago: in 2011, Westpac Banking had sales
of A$41.51 billion.
Contributing to the drop in overall sales was the 5.0% decline
in Westpac Institutional Banking, from A$1.65 billion to A$1.56 billion.
There were also decreases in sales in
New Zealand Banking (down 0.1% to A$1.59 billion)
However, these declines were partially offset by the increase in sales of
Bt Financial Group (up 11.2% to A$498.00 million)