Westpac Banking Corporation, a multinational financial services group based in Australia, reportedly has announced that approximately 4,700 Fijians attended its financial literacy workshops in December 2012. Westpac’s Financial First Steps workshop teaches money management, expenditure monitoring and budget maintenance. Westpac also offers a Business Basics workshop focusing on financial reports and balance sheets. The workshops are free, and participants receive a handbook on financial education. An approximate total of 11,300 Fijians attended Westpac’s workshops during 2012 [1].
Westpac provides retail, business and institutional banking services in 14 countries with a focus on Southeast Asia and Oceania. For the year 2012, Westpac reported total assets of AUD 675 billion (USD 694 billion) [2].
By Brendan Millan, Research Associate
About Westpac Banking Corporation
Westpac Banking Corporation is a multinational financial services group based in Sydney, Australia. Westpac provides retail, business and institutional banking services in 14 countries with a focus on Southeast Asia and Oceania. For the years 2012, Westpac reported total assets of AUD 675 billion (USD 694 billion) and approximately 12 million customers.
Sources and Additional Resources:
[1] The Jet: “Westpac Leads Financial Literacy Drive”, http://thejetnewspaper.com/2013/02/06/westpac-leads-financial-literacy-drive/
[2] Westpac Banking Corporation of Australia: “Annual Review and Sustainability Report 2012”, http://www.westpac.com.au/docs/pdf/aw/ic/2012_Annual_Review_and_Sustainability_Report.pdf
MicroCapital.org story, February 21, 2012, “Financial Literacy Session Promote Savings in Fiji”, https://www.microcapital.org/microcapital-brief-financial-literacy-sessions-promote-savings-in-fiji/#more-17087
MicroCapital.org story, June 30, 2011, “Westpac Banking of Australia Implements Government-to-Person (G2P) Payment System Providing Electronic Cash Transfers in Fiji”, https://www.microcapital.org/microcapital-brief-westpac-banking-of-australia-implements-government-to-person-g2p-payment-system-providing-electronic-cash-transfers-in-fiji/
MicroCapital.org story, April 1, 2011, “Reserve Bank of Fiji to Take Microfinance ‘Expos’ to Rural Islands”, https://www.microcapital.org/microcapital-brief-reserve-bank-of-fiji-to-take-microfinance-expos-to-rural-islands/
MicroCapital.org story, March 19, 2010, “Australian Westpac Banking Corporation Offers Its Employees Matching Funds for Microfinance Loans”, https://www.microcapital.org/microcapital-brief-australian-westpac-banking-corporation-offers-its-employees-matching-funds-for-microfinance-loans/
MicroCapital Universe Profile: Westpac Banking Corporation, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Westpac+Banking+Corporation+of+Australia
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