(11 May 2006 – Australia/Europe) St George Bank is embarking on a series of roadshows across Europe later this month, meeting investors and updating them on the bank’s credit situation.The roadshows will take place from 15 to 22 May and are being arranged by JPMorgan and Barclays Capital.
The bank is also considering issuing a benchmark euro bond.
Last week, St George posted an after tax profit of A$502 million for the half-year ended 31 March 2006, an increase of 11.8 percent on the previous year.
The bank’s residential lending grew 13 percent, while retail funding improved by 13.5 percent.