Westpac targets small business

Westpac's head of retail and business banking, Jason Yetton said the bank is targeting small business and aimed to become the country's “number one'” business bank by 2017.

“We believe we can significantly expand our share of the market after investing in our business banking arm,” Yetton said.

Westpac is also spending millions on technology upgrades, including smartphone applications aimed at small business owners. Westpac is recruiting more small business bankers.

Source: Sydney Morning Herald