St.george Bank 2008/09 Highlights - Victoria

Fact Sheet

St.George 2008/09 Highlights - Victoria

2008/09 Financial Highlights - Victoria
Net Customer growth - 9,288 (4.5%)
Customer satisfaction[1] - 73.7%
Home lending settlements - $2,869M
Business lending settlements - $1,008M
New transaction accounts - 19,344

Commenting on these results, Peter Lock, Managing Director for St.George Bank Victoria said: "These results show that St.George Bank is a strong and trusted banking brand in Victoria. We've achieved strong deposit and lending growth and maintained our market leading customer satisfaction and advocacy scores.

"Victoria is also a major focus for St.George and we're planning significant investment in the State. This includes increasing employee numbers by up to 60 new roles over the next 12 to 18 months and expanding our branch and ATM networks to increase customer convenience," said Mr Lock.

St.George Bank branch numbers in Victoria are expected to increase, with up to 12 new branches across 2010 and 2011 with ATM numbers also expected to rise across the State.

"Assisting customers in the growth corridor regions of the South West, South East and Northern suburbs of Melbourne will also be a priority. These regions are benefiting from Victoria's sound population growth and the City's anticipated future population of 5 million including the Wyndham, Melton, Hume and Casey regions," said Mr Lock.

St.George Bank in Victoria has continued to support the local community via charity donations ($1.1 million donated to children's charities in the past 8 years) and new sponsorship activities including the St.George Melbourne Marathon and the St Kilda Football Club.

The bank has signed a new three-year partnership with St Kilda that will see St.George Bank becoming the Saints' financial services sponsor commencing season 2010.

[1] Roy Morgan, September 2009

SOURCE: St.George Bank