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BankWest to tap Queensland trade

BankWest to tap Queensland trade

(6 September 2007 – Australia) BankWest has appointed Paul Pennington as Queensland senior manager for International Trade. The bank said the appointment signalled its intention to accelerate the growth of its trade finance business in Queensland.

Pennington has more than 17 years banking and international trade experience in Australia, New Zealand and Papua New Guinea and has run his own importing and distribution small business covering Queensland and Northern New South Wales.

BankWest head of Deposits and Transactional Services, Shane O’Connor, said the position was a newly created role which would allow BankWest to focus strongly on the Queensland trade finance market.

He said Queensland was a key market for BankWest.

According to the bank, Queensland's merchandise exports were valued at A$35.4 billion last year, accounting for 21.9 percent of total national exports with merchandise imports in the same period valued at A$27.2 billion, 15 percent of the national total.
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