Australia’s Westpac, the country’s
largest banking group by branches, will reopen a retail branch in
London by the end of 2011 to tap into the expatriate banking
segment.
A spokeswoman for the bank told RBI
that a branch opened in the city on 15 March, focusing on helping
expat customers from Australia and New Zealand manage their
finances.
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The cashless branch will also open bank
accounts for those planning to move to Australia.
The move follows the closure of a handful of
retail branches in the late 1990s, although the bank already
operates a corporate office in London and has had a presence in the
city since 1853.
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