Westpac

Banking / financial services, Sydney, NSW (275 Kent Street)

Westpac Banking Corporation is an Australian multinational bank and financial-services company, and Australia's first and oldest bank. It is one of the country's 'big four' banks, serving personal, business and institutional customers.

Westpac was established in 1817 as the Bank of New South Wales, making it Australia's oldest banking institution and its first company. It acquired the Commercial Bank of Australia in 1981 and adopted the name Westpac, a portmanteau of 'Western' and 'Pacific', in 1982. Headquartered at Westpac Place in Sydney, it serves around 13 million customers and employs roughly 35,000 people, offering deposit, lending, transaction and trade services. It is listed on the Australian Securities Exchange.

Fast facts

Legal name	Westpac Banking Corporation
Ticker	ASX: WBC
Headquarters	Sydney, NSW (275 Kent Street)
Founded	1817 (as Bank of New South Wales; renamed Westpac 1982)
Sector	Banking / financial services
Revenue	~A$58.4B total revenue / net operating income A$22.4B (FY2025, ended 30 Sep 2025)
Employees	~35,200 (2025)
CEO	Anthony Miller (Group CEO since Dec 2024)
Website	estpac.com.au

Key facts

Headquartered in Sydney, New South Wales, Australia
Established in 1817 as the Bank of New South Wales; renamed Westpac in 1982
Australia's first and oldest bank, and one of the 'big four'
Listed on the Australian Securities Exchange (ASX: WBC)
Serves around 13 million customers and employs roughly 35,000 people

Frequently asked questions

What is Westpac?

Westpac is Australia's oldest bank and one of its 'big four', offering personal, business and institutional banking services.

When was Westpac founded?

It was established in 1817 as the Bank of New South Wales and renamed Westpac in 1982.

Where is Westpac headquartered?

It is headquartered at Westpac Place in Sydney, Australia.

Sources

Last verified 2026-07-13. Professionally-public, sourced information only.