Outrage As 'Which Bank' Closes Branch

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Tuesday, 25th January 2005

Outrage As 'Which Bank' Closes Branch


The Federal Member for Grayndler, Anthony Albanese and the State Member for Heffron, Kristina Keneally have expressed their anger at the Commonwealth Bank’s decision to close its Sydenham branch.


Mr Albanese and Ms Keneally met with Commonwealth Bank officials last Friday but were told the closure was not negotiable. It comes in the wake of the Commonwealth Bank advertising in local newspapers just this week that “no branch has been closed since 2002”.


“The fact is, this area of the electorate is largely populated by the elderly and migrants on low incomes and this branch is therefore not as profitable as others for the Commonwealth Bank. This closure is largely motivated by profit margins from a Bank that has been making record profits,” said Mr Albanese.


Ms Keneally expressed concern that no community consultation had taken place nor could the bank point to an adequate attempt to relocate the branch to a safer location within the same area.


“The people that use this branch are elderly, often do not speak English and cannot use an ATM – face to face contact is essential for them to manage their finances. In terms of shops and amenities, Sydenham is an isolated community,” said Ms Keneally.


The Commonwealth has reneged on its promise to consult with the community before closing a branch.


It has further marginalised an already isolated community and shown contempt for its customers by automatically transferring accounts to other branches.


The Commonwealth Bank should reconsider it decision for the good of the Sydenham community. We call upon Marrickville Council to take action against the Commonwealth Bank if they do not reconsider.


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Electorate Office

334a Marrickville Road
MARRICKVILLE NSW 2204

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

Parliament House Office

PO Box 6022
CANBERRA ACT 2600

Phone: (02) 6277 4022
Fax: (02) 6277 8562

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

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Electorate Office

334a Marrickville Road
MARRICKVILLE NSW 2204

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

Parliament House Office

PO Box 6022
CANBERRA ACT 2600

Phone: (02) 6277 4022
Fax: (02) 6277 8562

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

We acknowledge the traditional custodians of the land on which our offices stand and we pay our respects to Elders past, present and emerging. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples. We also recognise the resilience, strength and pride of the Aboriginal and Torres Strait Islander communities.

Authorised by Anthony Albanese. 334a Marrickville Rd, Marrickville NSW 2204.