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We can't tell you exactly when the current financial crisis will end but what we can say with certainty is that Westpac is well placed to help you bank with confidence.
Here are 6 good reasons why
| 1. | Our strong performance over the past year Our long term responsible and stable business strategy has allowed us to continue to record strong growth over the past 12 months despite economic uncertainty. |
| 2. | We have no direct exposure to the US subprime market or related assets You are probably aware that it is the US subprime market that is at the heart of the current financial crisis. Westpac is renowned for its responsible behaviour - when financial institutions around the world were buying and selling subprime mortgages, we chose not to. |
| 3. | Our AA credit rating We are one of only 20 banks worldwide to be assigned Standard & Poor's AA rating. This gives you the reassurance of our strong capacity to meet all our financial commitments |
| 4. | CANNEX 5 star deposit products CANNEX star ratings are an independent benchmark to help you compare financial products based on their rates and features. 8 of our deposit and savings accounts have been awarded 5 stars – this means you can be sure that you're getting the best possible value. |
| 5. | Australia's banking system is strong The economy has also been well supported by our proactive government and regulatory bodies – who have been ahead of the game and acted when needed. This includes the significant reduction in interest rates early this month and the Australian government announcing that it would guarantee all retail and business deposits with Australian banks for the next three years. |
| 6. | 191 years experience We're Australia's first bank, and in our 191 years we've helped hundreds of thousands of customers through the good times and the bad. You can trust our experience. |
General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our ABN & RSE Numbers for Superannuation entities.
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Things you should know: Information current as at 14 October 2008.
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