Message from our CEO

Bank of Sydney will deliver an above-budget result

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Wednesday 13th December 2017
Dear Customers,
Bank of Sydney will deliver an above-budget result for the full year 2017, with a number of historic milestones reached.
“This was a different and very exciting year for Bank of Sydney,” says Miltos Michaelas, CEO, Bank of Sydney. “We focused on expanding our retail strengths and extending our capability barriers through developing and educating our people, as well as modernising our systems.”
Bank of Sydney recently celebrated two wins at Money magazine’s 2018 Best of the Best awards: Cheapest Home Loan Package-Bank category for the second consecutive year; and a first win for Cheapest Home Loan – Bank category for the Expect More Variable Home loan package.
“We remain true to our promise to provide our clients with a different experience, and the Money magazine awards are confirmation that we are on the right path. We believe in nurturing long-term relationships with our clients, and we intend to deliver ongoing value to them.
“In January 2018, we will launch our new Chatswood branch at 420 Victoria Avenue. As our flagship branch, it will service our customers in the North Shore and manage all their banking needs. We are very excited by the customer response so far, and look forward to providing our competitive offerings to the local market.
“Investments in our people and systems this year are already reaping phenomenal benefits, and we plan to continue those investments in 2018. The Bank of Sydney family desire self-development, greater opportunities and meaning in their workplace, and we have both the desire and drive to deliver them.
“To ensure we remain agile, we have revamped our organisational structure, simplified our internal committees’ set-up, and introduced a new Customer Strategy team. We have also asked our staff about where they feel improvements can be made, and their responses will help guide us in 2018.
“I would like to thank all our customers and staff for everything we have achieved this year. Enjoy your holidays and have a happy New Year.”
Kind regards
Miltos Michaelas