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Westpac is an Australian bank offering a wide range of financial services for individuals and businesses, including everyday banking, loans, payments, and digital banking.
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
1817
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Total Funding
$1.1B
Above
Industry Average
Funded Over
1 Rounds
Flexible Work Hours
Paid Vacation
Paid Sick Leave
Professional Development Budget
Westpac invests in Far North Queensland with newly refurbished branch in Cairns. 10 July 2026 Nearly 150 years after first opening its doors to the Cairns community, Westpac has strengthened its services to local customers, investing more than $2.2 million in its newly refurbished Cairns Central branch. The upgrade forms part of Westpac's wider $85 million annual investment in its branch network across Australia, including $10 million to upgrade six regional Queensland branches and business banking centres. Customers can enjoy a modern, welcoming space to enjoy in branch support, enhanced digital capability and access to two new ATMs, a coin deposit machine and a cash exchange machine. Debbie English, Westpac Regional General Manager North Queensland said: "Westpac Banking Corporation is thrilled to reopen its Cairns Central branch to its customers. "Westpac has a proud history in Cairns and Far North Queensland, and this investment demonstrates our ongoing commitment to our customers for the future." The refurbishment follows Westpac's announcement to launch its Community Banking Service in six regional Queensland towns - Malanda, Ravenshoe, Clifton, Pittsworth, Clermont and Laidley. The Community Banking Service provides regular, in-person banking support in regional towns with Westpac bankers visiting fortnightly, giving customers direct, face-to-face access to banking services and support to complement digital banking options. This Service is in addition to Westpac extending its moratorium on regional branch closures through to 2030. Led by local Bank Manager Anna Wright, the newly upgraded Westpac branch is located on the corner of McLeod St and Spence, in the Cairns Shopping Centre. Media contact:
Media releases. Westpac brings banking services to more regional Queensland locations. 8 June 2026 * Westpac's Community Banking Service will launch in Queensland starting in six regional towns. * The bank is investing over $10 million to upgrade six regional Queensland branches and business banking centres. * The move complements Westpac's existing moratorium on regional branch closures until 2030. Westpac is expanding its services in more regional locations, today announcing it will bring its Community Banking Service to six regional Queensland towns - Clifton, Pittsworth, Malanda, Ravenshoe, Clermont and Laidley. The expansion follows strong early feedback from a pilot of the service in regional New South Wales over the past few months. The Community Banking Service provides regular, in-person banking support in regional towns with Westpac bankers visiting fortnightly, giving customers direct, face-to-face access to banking services and support to complement digital banking options. "From agriculture to resources, tourism and small business, regional Queensland is central to the country's growth and resilience," said Westpac CEO Anthony Miller. "A one-size-fits-all model doesn't always work, particularly across such diverse regional communities. The Community Banking Service is about being present in these regions, understanding local conditions and supporting everyday decisions, whether that's for households or businesses. "While most banking is now done digitally, people still like face-to-face service. The challenge and the opportunity we have is finding the right balance between in person and digital, so customers get the service they need in a way that makes sense for them." Westpac is also investing over $10 million in its existing regional network in Queensland, with planned upgrades to six branches and business banking centres located in Roma, Cairns, Rockhampton and Dalby. "Our customers in the regions are investing, growing and backing themselves and we are here to support them," Miller said. "That's why we're investing in our network and have extended our moratorium on regional branch closures through to 2030." WESTPAC INVESTMENT IN REGIONAL BANKING | Community Banking Service | In early 2026 Westpac commenced a new regional Community Banking Service pilot with a visiting banking service to three regional NSW towns - Bulahdelah, Dungog and Manilla. This was recently expanded to Walcha, NSW and will soon launch in Boggabri, NSW as well as in six regional Queensland towns - Clifton, Pittsworth, Laidley, Clermont, Malanda and Ravenshoe. | | Regional branch upgrades | Westpac is investing over $10 million to upgrade six regional Queensland branches and business banking centres located in Roma, Cairns, Rockhampton and Dalby. | | Extended regional branch moratorium | Westpac first introduced a pause on regional branch closures in 2023. This was extended alongside industry peers last year to mid-2027. In November 2025, Westpac announced the moratorium would remain in place through to 2030, reinforcing its long-term commitment to regional communities. | | Regional Service Centres | After first announcing the new model in April 2025, Westpac has opened Regional Service Centres in Moree (NSW), Leongatha (VIC) and Smithton (TAS). A fourth Service Centre will open in Yass (NSW). | Media contact:
Stan Twight Reserve claims Cricket Australia national honour. 27 May 2026 The City of Rockingham's award-winning Stan Twight Reserve redevelopment has taken national honours, winning Cricket Australia's Community Facility Project of the Year (Major Project Award) at the 2026 National Community Cricket Awards, presented by Westpac.
Westpac flags a$75m profit hit from RAMS sale. Westpac Banking Corporation has announced that the sale of its RAMS mortgage portfolio will reduce half-year net profit by A$75 million (US$53.2 million). The Big Four bank also said it faced a more challenging environment due to the impact of the United States war with Iran on crude oil prices. Westpac (ASX: WBC) said its first half results for the 2026 financial year (H1 FY26) included a notable item related to transaction costs for the sale of its $21.4 billion RAMS portfolio to a consortium including Pepper Money (ASX: PPM), KKR and Pimco. "This reduced reported net profit after tax by $75 million," the bank said in an ASX announcement. It also said geopolitical uncertainty and the associated increase in market volatility had reduced the net interest margin in its Treasury and Markets division to seven basis points in Q2 from 15 basis points in Q1 FY26. Join its community of decision-makers. No card required Foreign currency translation from the 6% depreciation in the New Zealand dollar average exchange rate had affected revenue and costs. Westpac said the revised economic outlook had been reflected in a base case provision scenario, and a new portfolio overlay had been added for energy-intensive sectors, resulting in an increase in credit provisions in H1. As a result, the ratio of capital to credit risk-weighted assets increased to about 129 basis points, and the bank made a credit impairment charge of 10 basis points of average gross loans. "With the supply shock from the energy market disruption expected to result in higher inflation and higher interest rates, an expected slowing in economic growth will create a more challenging environment for some customers," Westpac said. The bank will issue its H1 FY26 results on Tuesday, 5 May 2026.
Alkane Resources has executed an A$110 million revolving credit facility and A$40 million contingent instrument facility with a syndicate of four Australian banks: ANZ, Commonwealth Bank of Australia, Macquarie Bank and Westpac Banking Corporation. The RCF will be used for general corporate purposes, whilst the CIF will return up to A$40 million in cash currently backing performance guarantees across the company's operations. Alkane is not required to enter mandatory gold hedging as a condition of the facility. Managing director Nic Earner said the facilities will broaden relationships with tier-one banks and provide additional liquidity for emerging opportunities. Alkane had A$232 million in cash and bullion at December 2025. The company operates three gold and antimony mines across Australia and Sweden.
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Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Sydney, Australia
Founded
1817
Find jobs on Simplify and start your career today