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BankWest targets Victorian trade customers

BankWest targets Victorian trade customers

(8 May 2007 – Australia) BankWest is beefing up its trade finance business in Victoria and has appointed Craig Jensen as senior manager for International Trade Banking for the state. Jensen has worked in trade with, at various times, National Australia Bank, Bank One and Commonwealth Bank over a 20 year period and he was also Victorian state manager for government organisation, Export Finance and Insurance Corp (EFIC).

BankWest head of Deposits and Transactional Services, Shane O’Connor, said the position was a newly created role to help the bank grow its trade finance market in Victoria.

"Victoria is a key market for us and since December 2005 the Corporate and Banking Division has grown its balance sheet by more than 100 percent," he said.

"Nationally, Victoria accounts for approximately 13 percent of Australia’s export business and in the 2006 calendar year exported A$21.5 billion worth of merchandise goods. Victoria’s imports of goods were valued at A$49.9 billion, accounting for 28 percent of the national total," O’Connor said.

Jensen said BankWest was a relative newcomer to the national market, but that it was determined to grow its business by doing things differently.

"Trade finance is an increasing focus for BankWest and I am looking forward to spearheading that for Victoria," he said.
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