who owns bankwest

Commonwealth Bank of Australia (CBA) owns Bankwest and has done so since late 2008, when it acquired the bank from HBOS/Bank of Scotland in a $2.1 billion deal. Bankwest now operates as a digital bank within the CBA Group rather than as an independent listed company.

Who owns Bankwest right now?

• Bankwest is a wholly owned subsidiary of the Commonwealth Bank of Australia (CBA).

• The Australian government approved CBA’s acquisition of Bankwest and related businesses in 2008, making Bankwest part of the CBA Group.

• Recent updates still describe Bankwest as a digital bank owned by CBA, confirming that ownership has not changed as of the mid‑2020s.

Quick history of ownership

• Bankwest began as the Agricultural Bank of Western Australia, a state entity, and was later privatised and listed on the ASX.

• It was acquired by Bank of Scotland in the 1990s, then folded into HBOS after the Halifax–Bank of Scotland merger.

• In 2008, amid the global financial crisis, HBOS (through the Lloyds transaction) sold Bankwest to CBA, with the sale completed in December 2008.

Today’s structure and direction

• Bankwest is positioned as CBA’s Perth‑based digital bank, focusing on online and app‑based services.

• CBA has publicly backed Bankwest’s transition to a fully digital model, supporting brand, technology, and staffing changes as part of group strategy.

Simple answer

If you’re wondering “who owns Bankwest?” for any practical purpose (customer, employee, or investor), the answer is: Bankwest is owned by Commonwealth Bank of Australia and operates as part of the CBA Group.

Information gathered from public forums or data available on the internet and portrayed here.