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Bank of Melbourne confounds the critics

One measure of Westpac's priorities for its business arises from the use of new staff.Around 80 were needed at Bank of Melbourne and only 60 in Asia.Bank of Melbourne added around A$32 million to group expenses over the year, with 12 new branches added, taking the count to 106 since Westpac decided four years ago to revive the BOM moniker to replace St George in Melbourne.Household deposits gathered through the Bank of Melbourne brand lifted 11 per cent to $6.9 billion, Westpac said. Mortgages were up 13 per cent to $22 billion and total lending up 11 per cent to $29 billion.BOM also claimed an eight per cent lift in customer numbers.

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