WBCPL News: Australian bank Westpac extends moratorium on regional branch closures till 2027 - 1st May 2024, 5:40am

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(Reuters) - Westpac Banking Corp has pushed back the closures of its regional branches until at least 2027 and will invest more than A$150 million over the next two years to improve services at these branches, the lender said early on Wednesday.

"Westpac is extending its moratorium on regional branch closures until at least 2027 while it strengthens regional banking services," Australia's third-largest lender in terms of market valuation said in a media statement.

"This commitment will support...

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