The success story of Westpac Banking Corporation as a financial franchisor firm

Westpac Banking Corporation is one of the Australia’s earliest and oldest banks. The financial franchisor firm was established as the bank of New South Wales in the year 1817. The New South Wales business loan provider changed its name to Westpac during 1982.

Westpac Banking Corporation has affiliates and branches throughout New Zealand, Australia and pacific region. The business loan provider maintains offices within financial centres around the world. The financial franchisor firm holds global assets worth three hundred billion dollars.

Westpac Banking Corporation is positioned in the top listed companies in terms of market capitalisation on the Australian Stock Exchange Limited (ASX). Shareholders of financial franchisor firm consists of about three lakhs thirty thousand people and institutions throughout overseas and Australia.

Westpac Banking Corporation concentrates its activities throughout New Zealand, Australia and the near pacific. The business loan provider joined with Challenge Bank in Australia, Trust Bank New Zealand and Bank of Melbourne in Victoria during 1995-1997.

Westpac Banking Corporation operates in six key regions of business. The six key areas of business in terms of financial franchisor firm consists of consumer financial services, BT financial group Australia and business financial services. In addition, business loan provider’s major area of operation consists of pacific banking, New Zealand retail and Westpac institutional bank (WIB).

6/12/2007

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