Original article by Clancy Yeates
The Australian Financial Review – Page: 24 : 24-Sep-15

Alan Shields, the MD of advisory firm RFI, expects the trend for banks to reduce branch numbers to continue. Figures from the Australian Prudential Regulation Authority show that Westpac cut its branches by 48 to 1,237 in 2014-15. The ANZ Bank reduced branch numbers by 19 to 751, while National Australia Bank closed two branches. The Commonwealth Bank opened one branch in 2014-15.

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NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CREDIT SUISSE (AUSTRALIA) LIMITED, MORNINGSTAR PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RETAIL FINANCE INTELLIGENCE PTY LTD