Commonwealth Bank closing three more branches

The Commonwealth Bank of Australia (CBA) will shut down a further three branches in a move condemned by the finance workers union.

The Finance Sector Union (FSU) revealed today the bank had notified it about the closures of the branches in Guildford in Sydney; Wanneroo in Perth; and Mountain Gate in Melbourne's Ferntree Gully.

The Commonwealth Bank said there will be no job losses and affected staff will be redeployed within the business.

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In February, the CBA reported yearly profits had jumped to a record $5.15 billion, a nine per cent increase from the year earlier.

FSU national secretary Julia Angrisano said the CBA should extend its commitment to hold a moratorium on all branch closures, not just in regional areas, while the Senate holds an inquiry into regional branch closures.

"The CBA should stop all branch closures across the country and wait until the findings of the Senate Inquiry are delivered before it even thinks about shutting more branches," Angrisano said.

"The CBA is the most profitable bank in Australia and can afford to put customers, communities and staff first.

"Unfortunately, CBA only thinks about its super profits at the expense of everyone."

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The FSU said CBA staff faced increasing workloads in branches, departments and call centres.

The CBA has been contacted by 9news.com.au for comment on the branch closures.

The FSU said major banks had previously announced a further 35 branches across Australia would close between February and June this year.

Westpac announced in February it was closing a further 20 branches across Australia.

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Commonwealth Bank closing three more branches
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