December 29, 2014 1:05 AM ET

Banks

Company Overview of St.George Bank Limited

Company Overview

St.George Bank Limited provides various retail and business banking services for consumers, businesses, and corporate customers in Australia. Its deposit products include transaction accounts, business banking accounts, savings accounts, and investment accounts, as well as accounts for kids, students, and apprentices. The company’s loan portfolio comprises home loans, personal loans, margin lending, car finance, and business loans. St.George Bank also provides business finance solutions, including bank bill facilities, trade finance, equipment finance, car finance, property finance, and corporate finance; transactional banking solutions; risk management solutions; international financial sol...

St. George House

4-16 Montgomery Street

Kogarah, NSW 2217

Australia

Founded in 1848

Phone:

61 2 9236 1111

Fax:

61 2 9952 1000

Key Executives for St.George Bank Limited

Chief Executive Officer
Age: 50
Group Executive of Technology & Operations
Chief Executive Officer of Asgard Wealth Solutions and Group Executive of Wealth Management
Director and Chief Executive Officer of Westpac Banking Corporation
Age: 58
Chief Executive of Bank of Melbourne
Compensation as of Fiscal Year 2014.

St.George Bank Limited Key Developments

St.George Banking Group Reports Audited Earnings Results for the Second Half Year and Full Year Ended September 30, 2014

St.George Banking Group reported audited earnings results for the second half year and full year ended September 30, 2014. For the year, the company reported net interest income of AUD 3,537 million compared to AUD 3,216 million reported last year. Net operating income was AUD 4,055 million against AUD 3,685 million reported last year. Core earnings were AUD 2,495 million against AUD 2,283 million reported last year. Operating profit before tax was AUD 2,259 million against AUD 1,990 million reported last year. Cash earnings were AUD 1,580 million against AUD 1,392 million reported last year. Strong income growth of 7% supported by solid growth across all brands and the full period impact of the acquisition of Lloyds. For the second half year, the company reported net interest income of AUD 1,829 million. Net operating income was AUD 2,095 million. Core earnings were AUD 1,282 million. Operating profit before tax was AUD 1,154 million. Cash earnings were AUD 808 million.

St George Launches the Goldhawk Penthouses at Beaufort Park

St George announce the new release of the Goldhawk Penthouses at the Beaufort Park, London NW9. The collection of three bedroom premier penthouses offers the opportunity to enjoy a unique position within Beaufort Park overlooking the beautifully landscaped central parkland and courtyards. The premier penthouses are elegantly designed with contemporary interiors, superior specification and spacious terraces. Beaufort Park blends contemporary living with a thriving community atmosphere. There are an array of shops and restaurants including Jing Ming Xuan Chinese Restaurant which in a recent review by The Times was commended for 'The Best Dim Sum in England'. Beaufort Park provides the finest residents' facilities including The Spa, a superb health and fitness suite with a swimming pool, sauna, jacuzzi, steam room and gymnasium. Connected to excellent transport links, Beaufort Park is only a five minute walk to the nearest London Underground station, where a direct Northern Line service takes residents to King's Cross in 25 minutes and Leicester Square in 27 minutes. Beaufort Park is also ideally positioned for homeowners to enjoy easy access to the M1. The Goldhawk Penthouses are available from £1,349,950.

St.George Banking Group Reports Earnings Results for the Half Year Ended March 31, 2014

St.George Banking Group reported earnings results for the half year ended March 31, 2014. For the period, the company reported net interest income of $1,708 million against $1,577 million a year ago. Net operating income was $1,960 million against $1,805 million a year ago. Core earnings were $1,213 million against $1,112 million a year ago. Operating profit before tax was $1,105 million against $990 million a year ago. Cash earnings were $772 million against $691 million a year ago. A 10% increase in cash earnings built on solid revenue growth and a significant decline in impairment charges.

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