ANZ opens new rural branch

ANZ Bank announced it will open a new branch in rural Victoria on July 1. The bank has secured a lease on a building in Koroit, 15 kilometres from Warrnambool, the same town in which the National Australia Bank intends closing its branch on July 26 and switching services to the post office outlet.

The ANZ's Koroit branch will keep the same opening hours as the current NAB one: 9.30am to 4pm from Monday to Thursday, and 9.30am to 5pm on Friday. It will be closed each day from 12.30pm to 1pm.

The decision to open this branch is part of the ANZ's “Restoring the Faith” program and the bank's district manager for the south-west region, David Brown, said it was made after meeting with the local community leaders.

People in the area value face-to-face banking, he said, and we're expecting a lot of interest, particularly as the branch will open at the beginning of the next financial year. This is a good time for people in the area to close old accounts and open new ones, he stated.

A NAB spokeswoman said that despite the bank's planned 56 rural branch closures, it still has the second largest number of country branches in Australia, after the Commonwealth Bank.