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Westpac maintains position as No.1 Business Bank in Australia

18 August 2017


Westpac today announced its Business Bank has defended its leading position as Best Business Bank in Australia for the third consecutive year at the prestigious Australian Business Banking Awards 2017.


The division, led by Chief Executive David Lindberg, was also named Best Cash Management Bank and Best Equipment Finance and Leasing Bank – positions Westpac has held since 2014 and 2015 respectively.


Alastair Welsh, General Manager Commercial Banking accepted the awards on behalf of Westpac, and said they reflect the collective motivation and dedication of thousands of quality bankers, specialists, service and support employees across Australia.


“We’re constantly investing in, and developing our people, products and services to reduce our customer’s pain points and make their businesses stronger through a high-quality and consistent service.”


“Over 200 years, we’ve acquired an exceptionally deep understanding of the needs of a range of businesses - from sole traders all the way to large privately owned enterprises - and I believe this is what fundamentally sets us apart from the strong competition in our sector,” Mr Welsh said.


Westpac has the largest network of branch-based business specialists across Australia to support small businesses. It also has dedicated specialisation teams in key industries such as Agribusiness, Healthcare, Education, Property and Professional Services that provide a personalised and relevant service.


Some of the ways Westpac supports its business customers includes:


  • LOLA (Live Online Lending Application): an award-winning platform that allows small-sized businesses to apply for additional funds and develop their business needs without spending time on application documentation;
  • Westpac Live for Business: an award-winning online, mobile and tablet banking platform that provides intuitive, seamless and secure banking on the go; and
  • Connect Now: a video-conferencing service that provides instant access to a dedicated team of banking specialists that can help customers with a range of business needs.


Westpac also has a long-standing commitment and track-record in helping new and upcoming businesses reach their full potential through a wide range of business support programs, grants, sponsorships and awards, including Businesses of Tomorrow, Many Rivers, Westpac IQ, Thrive, the Future Leaders Scholarship, and the Westpac Bicentennial Foundation.