Parramatta. New bank in the CBD

Parramatta City Council has approved an application by the Beirut Hellenic Bank Ltd, to open a branch, in Macquarie Street, in Parramatta. The Bank of Beirut, which is investing $420 million into its Australian subsidiary, will open five new branches by the end of the year, with the first in the former Murray Bros building, in the Parramatta CBD, in July, employing 10 people. The bank, which has branches in Adelaide, Melbourne and Sydney branches, was formerly known as Laiki Bank Australia, until April 27. It opened in Australia in 2001. The Arab Bank Australia is represented in the city with branches in the Parramatta CBD and Westmead Hospital.