BankWest was established 1895.
In 2011 they were crowned Bank of the year They like to think that because they go the extra mile for their customers.
BankWest of Australia is a full bank service based in Western Australia.
In October 2008 Commonwealth Bank of Australia bought BankWest.
Culture
Happy banking is what BankWest stands for, it is not only there to take care of the customers.
Not only do they look after their customers but they get involved in the community as well, and help charities and to spread a little bit of happiness.
The staff of the Bank helps and gets into
voluntary work and helps the community
to raise money.
Structure
BankWest has a relaxed environment, and encourages a
change in the workplace at all times. There are great opportunities for employees to grow their skills at BankWest and the bank supports that. There are many different positions in the workplace, from managers to relationship manager, head of retail store
managers, assistant employees and many more positions. Products and services
They offer low interest rates, they have low rates and fee free transaction accounts.
Their products include things like home loans, zero transaction account, business
low rate loans, personal loans, credit cards and more.
Germany
Government
Founded Currency
is based as a Federal Republic
in 1949
is Euro is 81 million
Population The
second largest beer wall fell in 1989 taxis in Germany are Mercedes
Consumers in the world
Berlin Most
Political climate
President Joachim Gauck
Economic conditions
Germany is the fifth largest economy in the world and Europe’s largest leader in exporting of machinery, vehicles, chemicals and households. (OECD, 2012)
GDP contracted 5.1% in 2009 but grew by 3.6% in 2010 and 2.7% in 2011. (Sonnenschein, 2012) Although the eurozone crisis has affected Germany their
standard of living has been getting better and better. Germans satisfaction with their standard of living has remained remarkably stable at 88%
Stimulus efforts and tax cuts increased Germany’s budget deficit to 3.3% in 2011. (OECD, 2012)
Economic conditions
Australia rich and diverse natural resource attract high levels of foreign investment and include extensive reserves of coal, iron ore, copper, gold natural gas, uranium and renewable energy sources. Former Rudd Government introduced a stimulus package of
$50 billion while the Reserve Bank of Australia cut interest rates.
Australia's economy continued to grow from 1.4% in 2009 and by 1.8% in 2011. (Reserve Bank of Australia, 2012).
Unemployed is currently at 5.1% in August 2012. (Australian
Bureau of Statistics, 2012) The government could return back to budget surplus by 2015
Legislations and regulation
Germany
continues it’s close alliance with the US. They are a member of the NATO, EU and OSCE contributor to the EU Budget
Large
Banking culture
The German financial system consists of the following factors: Banks Insurances Investment companies Banking Transactions can be carried out: Deposits Discount business Electronic Banking
BankWest Culture
“At BankWest we like to have fun. Whether it's simply having a laugh, catching up socially at work, or playing with innovative ideas – fun brings us closer together. It helps us challenge the oldfashioned traditions of banking. By living our values daily, our colleagues are given the opportunity to go far. We believe in the cohesiveness of working as 'One Team'. We strive to be accountable and 'Results Driven'. And as a service organisation, 'Customer Focus' is paramount to everything we do” (BankWest, 2012).
