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Jay Watson (left) and Ben Jones are now together at Westpac. Photo: Attila Csaszar

Westpac expands business banking arm

Westpac Bank has absorbed the Western Australian business banking operations of its wholly-owned subsidiary St George Bank, adding to a string of changes in the sector.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
208thANZ Banking Group9%14%
301stWestpac-2%13%
314thTelstra-4%21%
321stNational Australia Bank-6%0%
330thCommonwealth Bank-7%14%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/11/14
$0 Bought
11/11/14
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

4th-Commonwealth Bank$27,005.0m
5th-Telstra$26,607.0m
6th↑Westpac$21,642.0m
7th-ANZ Banking Group$21,071.0m
8th-National Australia Bank$19,101.0m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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