Westpac Banking Corporation (NYSE-Listed WBK) visits the NYSE to celebrate the company’s 20th anniversary of trading on the NYSE. In honor of the occasion, Group Executive and CFO Phil Coffey rings The Closing Bell®.
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ABOUT WESTPAC BANKING CORPORATION:
Westpac began trading on April 8, 1817 as the Bank of New South Wales with a single office in Macquarie Place, Sydney, in the then British colony of New South Wales. In conjunction with the merger with the Commercial Bank of Australia, it changed its name to Westpac Banking Corporation in 1982. Westpac merged with Challenge Bank in Western Australia in 1995, Trust Bank New Zealand in 1996, and Bank of Melbourne in Victoria in 1997. It completed a merger with St. George Bank, Australia’s fifth largest bank, on December 1, 2008.
Westpac concentrates its activities in and has branches and affiliates throughout Australia, New Zealand and the Pacific region. It also maintains offices in key financial centers around the world, including London, New York, Hong Kong and Singapore. As of September 30, 2008 the Westpac Group employed approximately 28,000 people in Australia, New Zealand and around the world.
As of September 30, 2008, Westpac Banking Corporation had global assets of $440 billion. Westpac is ranked in the top 5 listed companies by market capitalization on the Australian Securities Exchange Limited (ASX). For the twelve months to September 30, 2008, the Westpac Group's net profit after income tax was $3,859 million. About 520,000 people and institutions in Australia and overseas are shareholders in Westpac. (Source: Westpac Banking Corporation)
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