westpac branch closures 2020

“No decision to close a branch is taken lightly and we consider customer usage, location and proximity to other banking service,” Collyer said. About 200 mostly local staff will lose their jobs as the bank closes its branches in Beijing, Shanghai, Hong Kong, Mumbai and Jakarta after a comprehensive review of its global operations. Meanwhile, the Commonwealth Bank at The Entrance remains “temporarily” closed. Please check for up-to-date information on ATM and Self Service options through locate us, as our ATM and Self Service features may have changed during this time. Defending the closure of branches, BNZ said: “We continually review the footprint of our branch network to best meet the needs of our customers. Australia's big four banks - ANZ, Commonwealth, NAB and Westpac - also shut up a combined 175 branches in the last 12 months while at least 2150 ATMs have been removed in … Westpac also planned to close its Invercargill South branch, and one of its "Help Stations" in Tauranga. In Christchurch, the St Martins and Halswell branches are to close. The Co-operative Bank, which is owned by its members, has proposed to close three of its branches. "They're getting out of anything where you don't have a real edge [and] they don't have a real edge offshore. The planned branch closures follow a proposal from BNZ to close branches in Parnell, Penrose, Glen Eden, and Queen Street in Auckland, Karori in Wellington, and the Christchurch branches of Cashel, Fitzgerald and Russley. This follows the closure in May of the Commonwealth Bank at The Entrance. Reputational rehabilitation won't come easy. There are two other Westpac branches located nearby. Banks have been central in households weathering the early weeks of what looks certain to be a dreadful two years for employment. Forum – I just want to say thank you to the Coast Community News team for the many years of support in advertising our markets at Mangrove Mountain Hall. Evans and Partners banking analyst Matthew Wilson said the move to close the Asian branches was consistent with the group's wider strategy to simplify operations and cut back on expenditure. The Auckland Westpac branches proposed for closure are the Mount Eden branch, and the branch in Whangaporoa, with staff from the Whangaparoa branch to be redeployed to Silverdale. "We shouldn’t necessarily be jumping at shadows and putting them in the context of geopolitical tensions," Dr Rynne said. 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Westpac's move has been compounded by the ANZ which last week revealed it was considering up to five branches closures including Te Aroha and Otorohanga which are also on Westpac's list. Calga Aboriginal Cultural Landscape protected, General manager will replace chief executive officer, From combat to wombat: Scomo visits the Coast, History and importance of art within the community outlined, Good decisions come from the civil interchange of ideas, Submissions close on gateway redevelopment, Support program for struggling small business, Local health reassure community on two Coast-linked COVID cases, Residents and frontline workers to feature in Mental Moments, Community partnership delivers over 1,600 food packs. Westpac spokesman Will Hine said the bank was closing three sites and consulting with staff on changes to four others, and all employees working at these sites were being offered roles at nearby locations. ", KPMG chief economist Brendan Rynne said all banks would be putting a "critical lens" on expenditure during the recession. Kate Necklen, general manager for marketing and products at Co-operative Bank, said: "We are consulting with staff on the potential closures of three metropolitan branches. This trend only increased during our recent Covid-19 lockdown as more people chose to bank remotely.". FYI: We use data cookies in an attempt to give you the best experience on our website. Westpac and ANZ have decided to close their bank branches at The Entrance and Lake Haven. Dr Rynne said Australia-China relations had been "simmering for some time" and were made worse by Australia's "open comments" regarding the origins of the global pandemic. Last updated: 16 October 2020 . A September 14 letter to Mehan from Westpac’s External Affairs Director, Richard Collyer, said that following the significant decline of in-branch transactions, a drop of 17 percent over the past two years and off an already low base, the bank had to make the tough decision to close the branch. Westpac’s redundant branch in Mentone Parade, Mentone, is still paying $116,186 a year in rent plus GST despite standing empty now. Westpac has denied the closure of three Chinese branches is a result of souring relations between Canberra and Beijing, saying the move is part of a consolidation of its international operations. This follows the closure in May of the Commonwealth Bank at The Entrance. NAB, Westpac and Commonwealth are temporarily closing bank branches Closures of schools in Victoria and ACT left bank staff struggling to work Those in … Combined the loans were for just over $38 billion. Credit:James Alcock. “For a bank raking in $6.78B in 2019, I think valuing customers is more important than losing a few bucks,” he said. “Our apps and call centres are convenient. “Alternatively, Westpac has a Bank@Post partnership with Australia Post which offers banking services, 400m further down the road in the town centre, and there is an ANZ automatic teller 360m away from the bank branch which is closing,” Collyer said. Find Westpac branch and ATM information, including directions, trading hours, BSB and services available. Westpac has closed its three Chinese branches amid a consolidation of foreign operations. The bank also planned to shut its Porirua branch in the Wellington region, and its Papanui branch in Christchurch. As…, The Community and Business Women’s Network (CBWN) is expanding to the Peninsula with the first event scheduled for October 28 at Umina Beach. "The other proposed changes are due to an increasing number of Westpac customers choosing to do their banking on their computer or mobile device. Our online banking facilities remain available 24/7. The Co-operative branch also planned to close some of its branches, including its branch in Queen Street in Auckland central business district, Stuff understands. "We do know there are tensions there. The branches slated to close include two in Auckland, two in Christchurch, one in Tauranga and one in Invercargill. 30072019 Chris McKeen/STUFF: BNZ bank, Queen St, Auckland. “This growing trend of services moving online is not just happening with banking, right across Australia, a large number of basic services such as Medicare and the Australian Tax Office have already made the switch to online options.”. "They've been looking to come home to Australia for quite some time," he said. ANZ General Manager, Steven Straub, confirmed that two branches will close on November 12, Lake Haven and Woy Woy. Westpac has told staff it planned to close seven branches, with employees redeployed to other branches. Westpac had 1,032 outlets across its Westpac, BankSA and Bank of Melbourne brands before the bank began the spate of closures.

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