Our strategy
Westpac's customer-centric business strategy is based on:
- Developing a deep understanding of our customers' needs
- Providing value-added solutions that seek to meet these needs
- Deepening and building long-term relationships
- Dramatically improving the experience customers have with us
Our strategic priorities are focused on improving our distribution and customer offerings:- Putting customers at the centre of everything we do: Driving a strong customer culture while developing and implementing compelling customer segment strategies – bringing banking and wealth management together for the customer.
- Further developing our people's capabilities: Strengthening skills, depth of talent, collaboration and teamwork. Encouraging boldness and promoting achievement.
- Transforming our distribution model: Establishing and driving locally empowered businesses – very close to the communities they serve. Continuing to invest in Business Banking and Wealth.
- Investing in Operations improvements: Being easy to deal with, transforming service delivery, strengthening technology capabilities, increasing reliability and consistency of service, and focusing on driving productivity while eliminating duplication.
- Leading in sustainability: Embedding sustainability concepts in all elements of the business. Continuing to develop risk management as a competitive advantage.