(12 September 2007 – Australia) St George Bank’s new chief financial officer Michael Cameron has told US investors that the bank will deliver forecast earnings per share growth of 11 to 12 percent this year.Speaking at a Merrill Lynch Australia investment conference in New York, Cameron said St George would follow this up with 10 percent EPS growth in fiscal 2008.
Cameron, who replaced Steve McKerihan as St George CFO in July, said the bank was not exposed to the fallout from the US sub prime mortgage market.
He described St George’s lending book as conservative.