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Federal Government and Business Community welcome BankWest to Macarthur

23 July 2008

BankWest is providing specialised banking services to a potential 17,000
businesses in the area - a significant milestone in its expansion plans

The Hon Pat Farmer, Federal Member for Macarthur and key members of the local business community welcomed BankWest to the Macarthur region (Camden, Wollondilly and Campbelltown) on Wednesday night at the official opening of the BankWest Business Banking Centre in Narellan

This opening is a significant milestone in BankWest's expansion plans, with more than 160 major new retail and commercial banking centres opening over the next three years.

At the official opening Julie Rynski, Head of Business and Private Banking said the new centre is another milestone in BankWest's blitz on business banking markets across Australia.

"We are the fastest growing business bank in Australia because our customers know we're trying harder than the competition to help their business grow. We've listened to feedback from businesses in many different areas and identified a clear need for specialised banking services across various industry sectors," Ms Rynski said.

The latest ABS statistics (June 2007) reported there are over 17,000 businesses in the Macarthur area, with a significant number in construction and the property, business and commercial sectors. The majority are small businesses with four or less employees, and have an annual turnover of less than $100,000 (see below for expanded data).

BankWest NSW State Manager for Commercial and Corporate Andrew Tolj said the statistics showed Narellan and the Macarthur region was a natural choice for the bank's Business Centre because of its strong economic growth.

"The diverse mixture of commercial and industrial areas, along with a significant presence of small businesses, influenced our decision to open this dedicated Business Banking Centre," MrTolj added.

Mr Farmer welcomed the establishment of the BankWest Business Banking Centre in Narellan.

"It's great to see BankWest bringing new competition to the region and investing in the Macarthur and Camden regions. This is a win-win for the area. BankWest sees the inherent opportunities delivered through the region's high rate of home ownership and booming small business sector and locals will win through new competition," Mr Farmer said.

BankWest has a growth strategy to become a significant force in Australian financial services, through a strategy focusing on driving competition and change in the banking industry.

"We have made a significant investment in our future here in the Macarthur, with modern premises, technology and systems, and have recruited the best bankers in the local area," Mr Tolj said.

"We are delighted to have a presence in the Macarthur, and believe our recent expansion will provide BankWest customers easier access to our services and products over the coming years."

The team at Narellan currently consists of Senior Business Development Manager Brett Hewit; Business Development Managers Perin Berhardt and Toese Faapito; Assistant RelationshipManagers Geoffrey Phillips and Marcella Broz; Relationship Support Officer Kathleen Goodbun; Market Specialist David Head and Business Banking Development Manager.

The BankWest Business Banking Centre is located at Unit 3, 6 George Hunter Drive, Narellan.

-Ends-

Background Data

Australia Bureau of Statistics (ABS) Data - June 2007:

  • 17,055 business in the Macarthur region, comprising: 4,527 in Camden, 3,918 in
    Wollondilly and 8,610 in Campbelltown.
  • 46.9% of businesses have an annual turnover of less than $100,00
  • 37.4% of businesses have an annual turnover of between $100,000 and $500,000.
  • 4,080 business are in construction; 3,549 are in property & business, commercial.

 

About BankWest Business

BankWest Business provides a full range of core and specialist business banking products and services to all business market segments from small business to large corporates. From market leading transaction and investment accounts through to flexible business loans and sophisticated Financial Market and International Trade products, we are an organisation committed to making a meaningful difference in the financial services marketplace with our simple and straight forward products. Our energetic approach and attitude aims to reject the status quo and present a significant challenge to the conventions and the competition.

BankWest Business has a presence in capital cities, rural areas and regional locations throughout Australia. We focus on key
markets including Property Finance, Small Business, Commercial, Rural and Regional and Corporate.

We also offer a flexible range of products and competitive lending guidelines across specialist industries such as Aged Care,
Childcare, Hotels/Accommodation, Franchise and Pharmacy. We recognise the value of the going concern of a business, along with the value of its people and brand, not just its fixed assets or balance sheet.

Our business banking managers have been selected for their industry knowledge and experience and take the time to get to know their customers' business to find the best products and services to meet their needs.

BankWest has been around for more than 100 years and is now part of the HBOS Australia group with assets of over $39 billion.Backed by our parent company HBOS plc, one of the world's largest financial services groups, we are providing a fresh customer experience and challenging the Australian market. BankWest is the fastest growing business bank in Australia*, and because we are growing, we will try harder to help grow your business.

*Measured by market share growth, number of new managers hired and number of new Business Banking Centres opened.

Media Inquiries:

HBOSA Corporate Affairs
Bridget Tombleson 08 9449 6768 / 0407 084 359
or
Jasmin Walker 0407 902 267

Out-of-hours media calls: 1300 785 070

Asterix

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