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 36.23 billion Australian Dollars [US$24.92 billion]
of which 23%
Bendigo and Adelaide Bank Ltd
(2.94 billion Australian Dollars [US$2.02 billion]
of which 34%
was Local connection), and
Commonwealth Bank of Australia
(42.10 billion Australian Dollars [US$28.96 billion]
of which 28%
was Retail Banking Services).
During the year ended September of 2018, sales at
Westpac Banking were A$38.28 billion (US$26.33 billion).
increase of 2.9%
versus 2017, when the company's sales were A$37.22 billion.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Westpac Banking had sales
of A$38.68 billion.
Sales of Group Businesses saw an increase
that was more than double the company's growth rate: sales were up
73.1% in 2018, from
A$469.00 million to A$812.00 million.
Westpac Banking also saw significant increases in sales in
West Pac New Zealand (up 5.7% to A$1.72 billion)
Bt Financial Group (up 7.6% to A$578.00 million)
Not all segments of Westpac Banking experienced an increase in sales in 2018:
sales of Westpac Institutional Banking fell 6.0% to A$1.42 billion.
(However, this segment's sales were only a very small portion of the company's overall sales).