Westpac Group divides its operations into the following five primary operating divisions:
Consumer Bank:
The Consumer Bank provides sales and service of banking, financial services and insurance products for Australian consumers under the following brands: Westpac, Bank of Melbourne, BankSA, RAMS, St George and BT brands.
Business Bank:
The Business Bank provides banking and financial services and products to micro entities, small to medium enterprises and commercial businesses up to approximately $150 million. It also provides services to customers of high net worth under its Private Wealth division and distributes superannuation, investments and retirement products.
The Business Bank brands include Westpac, St.George, Bank of Melbourne, BankSA brands and BT brands.
Westpac Institutional Bank (WIB):
Westpac Institutional Bank services the financial needs of corporations, institutions, and government customers operating in Australia and New Zealand. The segment provides specialized service and advice in the areas of financial and debt capital markets, corporate and structured finance, and transaction banking. WIB customers are serviced through branches in Australia, New Zealand, the United Kingdom, Asia, the United States, Fiji, and Papua New Guinea.
Westpac New Zealand:
Westpac New Zealand offers a range of retail banking services, commercial banking, and insurance products to consumer, business and institutional customers. Westpac operates via an extensive network of branches and ATMs across the North and South Islands. Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers Westpac New Zealand Limited and Westpac Banking Corporation.
Group Businesses:
Comprising three internal operating divisions: Treasury; Group Technology; and Core Support.