# Bankwest

Bankwest is a Bank / Wealth / Trust based in Perth, Australia.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Perth, Australia
- **Region:** Oceania
- **Address:** Perth, WA, Australia
- **Founded:** 1895
- **Assets under management:** Undisclosed
- **Website:** bankwest.com.au
- **LinkedIn:** https://au.linkedin.com/company/bankwest

## Regulatory record

- **Reports private funds:** No

## About

Bankwest offers everyday banking, savings accounts, home loans and credit cards. Users access these services through a mobile application.

## Sectors

- Retail Banking
- Business Banking
- Home Loans
- Credit Cards
- Savings Accounts
- Term Deposits

## Questions

### What does Bankwest's loan book actually look like?

Residential mortgages comprise the majority of Bankwest's lending assets, with a tilt toward Western Australian owner-occupier loans. The business banking book — smaller and more concentrated — serves WA-based SMEs in property development, professional services, and agriculture-adjacent sectors. The bank exited institutional lending and materially reduced east-coast commercial exposure after a 2018 branch consolidation that closed 29 locations outside WA.

### Is Bankwest still involved in agricultural lending?

No. Bankwest's direct agricultural lending book was sold to Rural Bank (a Bendigo and Adelaide Bank subsidiary) in a transaction cleared by the ACCC in February 2024. This completed a multi-year exit from a business line that had been core to the bank's identity since its 1895 founding as the Agricultural Bank of Western Australia.

### How does Bankwest fit into CBA's broader strategy?

Bankwest functions as CBA's digital-banking laboratory and Western Australian retail franchise. It was the first Australian bank to offer Apple Pay (2015) and has maintained a technology-forward posture through its Halo transaction platform. However, product development, treasury, and strategic direction are dictated by CBA's Sydney-based group leadership; Bankwest's management has operational autonomy within a tightly defined mandate.

### Does Bankwest manage institutional or wholesale funds?

No. Bankwest is a retail and business deposit-taking institution, not a fund manager. It does not operate asset management, private wealth, or institutional funds management divisions. Any wholesale or institutional banking relationships in WA that were once part of Bankwest's book were migrated to CBA's institutional bank after the 2018 restructure.

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Last updated: 2026-07-11T16:15:46.000Z

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