Bank of Melbourne to add more branches

The Bank of Melbourne is set to open a further 22 branches this year. Chief executive Scott Tanner said the move, while going against the consensus of analysts that banks should be closing branches, would help Bank of Melbourne grab a larger slice of the Victorian home loan and account savings market. Currently the bank boasts 49 branches, including 15 new offices and 34 previously branded as St George.

Mr Tanner said he was bullish about the future and expected to open the new branches by the end of September, recruiting 225 people in the process. Mr Tanner said the response to the new bank had been overwhelming, with more than 15,000 people applying for the advertised jobs. “We have had excellent feedback and will look to grow while we have the support to do so,” he said.

Source: The Adviser