Westpac is Australia’s oldest bank and financial services group, with a significant franchise in Australia and NZ, in consumer small business, corporate and institutional sectors, in addition to a major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit rating and ranks third in assets across the four major Australian banks. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits. It operates through three divisions: Australian Financial Services, Westpac Institutional Bank and Westpac New Zealand. Australian Financial Services Consists of Westpac’s retail and business banking operations in Australia, St. George Banking Group and BT Financial Group Australia. BTFG is Westpac’s Australian wealth management division. In January 2014, the Company completed the acquisition of Lloyds Banking Group Plc’s Australian asset finance business, Capital Finance Australia Limited, and its Australian corporate loan portfolio, BOS International (Australia) Ltd.