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Westpac is reversing branch closures, creating 150 regional jobs, and expanding agribusiness lending amid growing rural economic importance.
Westpac is expanding its regional presence in Australia, reversing past branch closures amid a 21% rise in agribusiness lending in 2024-25, now making up 14% of the farm lending market.
The bank, under CEO Anthony Miller, is creating 150 new regional jobs, reopening service centres in Moree, Leongatha, and Smithton, and exploring mobile branches to rebuild trust and support rural communities.
It emphasizes the strategic importance of regional Australia, which contributes 30% of national GDP, and advocates for better infrastructure, housing, healthcare, and tax incentives to sustain long-term growth.
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Westpac está revirtiendo el cierre de sucursales, creando 150 empleos regionales, y expandiendo los préstamos para agronegocios en medio de la creciente importancia económica rural.