Brad Cooper, Group Executive
Westpac New Zealand, since 1861, has provided banking and wealth management products and services for retail and business customers.
In New Zealand we reach our 1.5 million customers through a nationwide network of 197 branches, call centres and 476 ATMs, with more than 677,000 registered online banking users.
| Financial Results | |||
New Zealand (NZD) |
2007 |
2006 |
% Mov’t 07/06 |
 |
|||
Operating income ($m) |
1,447 |
1,363 |
6 |
|
|||
Operating expenses ($m) |
(682) |
(658) |
4 |
|
|||
Cash earnings ($m) |
465 |
458 |
2 |
|
|||
Economic profit ($m) |
235 |
258 |
(9) |
|
|||
Total assets ($bn) |
43.9 |
38.7 |
13 |
|
|||
Deposits ($bn) |
25 |
21.8 |
15 |
|
|||
Net loans & acceptances ($bn) |
42.7 |
36.6 |
17 |
|
|||
Expense to income ratio (%) |
47.1 |
48.3 |
-2 |
|
|||
Employee numbers |
4,538 |
4,952 |
-8 |
|
|||
