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List Of Banks In Australia
The following is the list of banks in Australia, as well as restricted ADIs, credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Prudential Regulation Authority (APRA) as authorised deposit-taking institutions (ADI) under the ''Banking Act 1959'' (Cth), as at 2 August 2017. Central bank *Reserve Bank of Australia Australian-owned ADIs (e.g. banks and building societies) Restricted ADIs (Restricted Authorised Deposit-taking Institutions) Restricted ADIs are newly licensed ADIs within Australia. Restricted ADIs have the same obligations as full ADIs, but are restricted to only taking a total of $2 million of customer deposits during their restricted period. To protect these deposits, Restricted ADIs are required to hold a minimum of $3 million of prudential capital, as well as a $1 million resolution reserve to resolving any legal matters (or government costs for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions, Building society, building societies and Mutual savings bank, mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Deposit insurance#Australia, Financial Claims Scheme (FCS) guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. Banks require a Banking license, bank licence under the ''Banking Act 1959''. Foreign banks require a licence to operate through a branch in Australia, as do Australian-incorporated fore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed to Westpac Banking Corporation. Westpac is one of Australia's Big Four (banks)#Australia, Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2021, Westpac has 14 million customers worldwide, and employs around 40,000 people. History Established in Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ... in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clean Energy Finance Corporation
The Clean Energy Finance Corporation (CEFC) is an Australian Government-owned Green Bank that was established to facilitate increased flows of finance into the clean energy sector. As a specialist investor the CEFC at the centre of efforts to help deliver on Australia’s ambitions for a thriving, low emissions future. The CEFC reached two important milestones in 2022, marking 10 years of investment activity and exceeding $10 billion in investment commitments. With a strong investment track record, the CEFC is committed to accelerating Australia's transition to net zero emissions by 2050. In addressing some of the nation's toughest emissions challenges, the role of the CEFC is to fill market gaps and collaborate with investors, innovators and industry leaders to spur substantial new investment where it will have the greatest impact. The CEFC invests on behalf of the Australian Government, with a strong commitment to deliver a positive return for taxpayers across its portfolio In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Challenger Bank (prev MyLife MyFinance)
Challenger, Challengers, or The Challengers may refer to: Entertainment Comics and manga * Challenger (character), comic book character * ''Challengers'' (manga), manga by Hinako Takanaga Film and TV * ''The Challengers'' (TV series), a 1979–80 Canadian biographical television series * ''Challenger'' (1990 film), a television movie about the space shuttle ''Challenger'' disaster * ''The Challengers'' (film), a 1990 family film produced for the Canadian Broadcasting Corporation * ''The Challenger'' (film), a 2015 American sports drama film * ''The Challengers'' (game show), a 1990 American game show hosted by Dick Clark * ''Challenger'' (game show), a 1997 Australian game show * ''Challenger'' (2013 game show), a Pakistani game show * The original British title for the film ''The Challenger Disaster'', a 2013 BBC made-for-TV film Games * ''Challenger'' (video game), a 1985 game developed by Hudson Soft * ''Challengers'' (role-playing game), a 1985 role-playing game ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beyond Bank Australia
Beyond Bank is an Australian customer-owned bank operating in South Australia, Victoria, the Australian Capital Territory, Western Australia and New South Wales. It provides financial services to its members including savings and business accounts, term deposits, loans, insurance and financial planning, and has total assets under management of more than $5 billion. It is a certified B Corp. History * In March 2006, Community CPS Australia Ltd was formed in a merger between the Commonwealth Public Servants Credit Unions - CPS Credit Union (SA) Ltd and CPS Credit Union Co-operative (ACT) Ltd. * In November 2008, Western Australian based United Credit Union Ltd and Westax merged with Community CPS and carried on business under the name United Community. * In May 2009 the Polish Community Credit Union also merged with Community CPS. * In January 2010 Hunter Region-based Companion Credit Union merged with Community CPS. * In June 2011 Wagga Mutual Credit Union, based in the Rive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bendigo
Bendigo ( ) is a city in Victoria, Australia, located in the Bendigo Valley near the geographical centre of the state and approximately north-west of Melbourne, the state capital. As of 2019, Bendigo had an urban population of 100,991, making it Australia's 19th-largest city, fourth-largest inland city and the fourth-most populous city in Victoria. It is the administrative centre of the City of Greater Bendigo, which encompasses outlying towns spanning an area of approximately 3,000 km2 (1,158 sq mi) and over 111,000 people. Estimated resident population, 30 June 2016. Residents of the city are known as "Bendigonians". The traditional owners of the area are the Dja Dja Wurrung (Djaara) people. The discovery of gold on Bendigo Creek in 1851 transformed the area from a sheep station into one of colonial Australia's largest boomtowns. News of the finds intensified the Victorian gold rush, bringing an influx of migrants from around the world, particularly Europe and China. B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bendigo & Adelaide Bank
Bendigo and Adelaide Bank is an Australian financial institution, operating primarily in retail banking. The company was formed by the merger of Bendigo Bank and Adelaide Bank in November 2007. Before the merger, Bendigo Bank delivered its products and services through almost 900 outlets Australia-wide, including more than 160 company owned branches, 220 community owned ''Community Bank'' branches of Bendigo Bank, 100 agencies and 400 '' Elders'' outlets. The bank's branches are primarily in Victoria and Queensland. The merged bank now has over 400 branches, including 25 that came with the merger of Adelaide Bank. National headquarters remain in the city of Bendigo, with a major office in Adelaide, South Australia and regional offices in Docklands, Melbourne and Ipswich, Queensland. History and development The company started in 1858 as a fixed-term (terminating) building society to improve conditions in the Bendigo goldfields during the Victorian gold rush. At seven year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the " big four" Australian banks, with the National Australia Bank (NAB), ANZ and Wes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perth
Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is part of the South West Land Division of Western Australia, with most of the metropolitan area on the Swan Coastal Plain between the Indian Ocean and the Darling Scarp. The city has expanded outward from the original British settlements on the Swan River, upon which the city's central business district and port of Fremantle are situated. Perth is located on the traditional lands of the Whadjuk Noongar people, where Aboriginal Australians have lived for at least 45,000 years. Captain James Stirling founded Perth in 1829 as the administrative centre of the Swan River Colony. It was named after the city of Perth in Scotland, due to the influence of Stirling's patron Sir George Murray, who had connections with the area. It gained city statu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankwest
Bankwest is an Australian full-service bank based in Perth, Western Australia. It was sold in October 2008 to the Commonwealth Bank of Australia for 2.1 billion and operates as a division of its parent company. Bankwest previously had branches in Adelaide, Brisbane, Canberra, Melbourne and Sydney. History In 1895, the Government of Western Australia established the Agricultural Bank of Western Australia as a rural lender to support the State's farming industries. Despite its name, it was technically not a ''bank'', in that it did not collect deposits from the public, its liabilities being government bonds. It was a government instrumentality that lent exclusively to farmers. In May 1916, the Agricultural Bank changed its name to the Rural and Industries Bank of Western Australia (also known as R&I Bank). In 1945, the Agricultural Bank became a full trading bank. This enabled it to expand its retail and commercial banking services throughout the state. In 1956 it became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankVic
BankVic is an Australian member-owned mutual bank. It was founded as the ''Police Association Credit Co Operative'', commonly known as Police Credit or Police Credit Co-Op, by police officers in 1974 as a credit union. On 1 June 2013, Police Credit became BankVic (Police Financial Services Limited). It now serves police and other emergency services employees, people in the health industry and other public servants, as well as their families and friends. In 2011, Police Credit reported that the organisation had 91,000 members, employed 120 staff and had $1 billion (Australian) in assets under management.http://www.policecredit.com.au/Img/PDFs/Annual_Report-2011.pdf , pg. 6 In 2014, BankVic celebrated its 40th anniversary and is one of Victoria's largest Mutual Banks with assets in excess of $1.3B and over 97,000 members. The bank is wholly owned by its members, who are all equal shareholders. As a co-operative, it is not focused on profits or paying dividends to sharehold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adelaide
Adelaide ( ) is the capital city of South Australia, the state's largest city and the fifth-most populous city in Australia. "Adelaide" may refer to either Greater Adelaide (including the Adelaide Hills) or the Adelaide city centre. The demonym ''Adelaidean'' is used to denote the city and the residents of Adelaide. The Traditional Owners of the Adelaide region are the Kaurna people. The area of the city centre and surrounding parklands is called ' in the Kaurna language. Adelaide is situated on the Adelaide Plains north of the Fleurieu Peninsula, between the Gulf St Vincent in the west and the Mount Lofty Ranges in the east. Its metropolitan area extends from the coast to the foothills of the Mount Lofty Ranges, and stretches from Gawler in the north to Sellicks Beach in the south. Named in honour of Queen Adelaide, the city was founded in 1836 as the planned capital for the only freely-settled British province in Australia. Colonel William Light, one of Adelaide's foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
