The following is the list of banks in Australia, as well as restricted ADIs,

credit unions A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

friendly societies A friendly society (sometimes called a benefit society, mutual aid society, benevolent society, fraternal organization or ROSCA) is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual org ...

and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the

Australian Prudential Regulation Authority The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recomm ...

(APRA) as

authorised deposit-taking institution Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the ...

s (ADI) under the ''Banking Act 1959'' (Cth), as at 2 August 2017.

Central bank

Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. Th ...

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 invoking the Financial Claims Scheme). Restricted ADIs have a two-year period to transition to being an unrestricted ADI (e.g. a full bank). This two-year period is designed to allow Restricted ADIs to build their systems and test them with a limited number of customers (less than 100). Once ready, the Restricted ADI can apply to APRA for the removal of restrictions, with the ADI then allowed to offer services to the general public.

Credit Unions

Australian friendly societies

Foreign-owned subsidiary banks

Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority under the ''Banking Act 1959'' issued by APRA, either to operate as a wholesale bank through an Australian branch or to conduct business through an Australian-incorporated subsidiary. Foreign banks which do not wish to obtain a banking authority may operate a

representative office A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative office ...

for liaison purposes, but the activities of that office are restricted. There are a number of foreign subsidiary banks; however, only a few have a retail banking presence — HSBC Bank Australia, Bank of Sydney and

Citibank Australia Citigroup Pty Ltd (trading as Citi Australia) is the Australian subsidiary of Citigroup. The bank operates consumer banking services (as Citibank Australia), including credit cards, savings and transaction accounts, loans, insurance, and self- ...

have a small number of branches. Foreign banks have a more significant presence in the Australian merchant banking sector.

Branches of foreign banks

ABN AMRO Bank N.V. ABN or abn may refer to: Companies * ABN AMRO Group, a Dutch bank group * ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank * Algemene Bank Nederland, a now-defunct Dutch bank Radio, news and television organizat ...

* Bank of America, National Association * Bank of Baroda *

Bank of China Limited The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, repl ...

* Bank of Communications Co., Ltd. *

Barclays Capital Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

(the trading name of Barclays Bank plc) * BNP Paribas * China Construction Bank Corporation * China Everbright Bank Co. Ltd. *

Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...

DBS Bank Limited DBS may refer to: Music groups *The dB's, a power pop band of the '70s and '80s *d.b.s., a Canadian punk rock band from 1992 to 2001 * Death by Stereo, an American heavy metal/punk rock group from California Companies and organizations Schools ...

Deutsche Bank AG Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stoc ...

* HBOS Treasury Services plc *

HSBC Bank plc HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is part of HSBC Holdings. HSBC UK Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly ...

* ING Bank NV * JPMorgan Chase Bank, National Association * Mega International Commercial Bank Co., Ltd. *

Mizuho Corporate Bank, Ltd Mizuho () literally means "abundant rice" in Japanese and "harvest" in the figurative sense. It was also an ancient name of Japan. It might refer to: Places * Mizuho, Gifu, a city in Gifu * Mizuho, Tokyo, a town in Tokyo * Mizuho Plateau in An ...

National Bank of Greece The National Bank of Greece (NBG; el, Εθνική Τράπεζα της Ελλάδος) is a global banking and financial services company with its headquarters in Athens, Greece. 85% of the company's pretax preprovision profits are derived ...

* Oversea-Chinese Banking Corporation Limited * Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.) *

Royal Bank of Canada Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000& ...

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

* Standard Chartered Bank * State Bank of India *

State Street Bank and Trust Company State Street Bank and Trust Company, more commonly known as State Street Global Services or simply Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts specializing in services to mutual fu ...

(SSBATC) * Sumitomo Mitsui Banking Corporation *

The Bank of Tokyo-Mitsubishi UFJ, Ltd ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the ...

The Hongkong and Shanghai Banking Corporation Limited HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...

The Northern Trust Company Northern Trust Corporation is a financial services company headquartered in Chicago that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the Uni ...

* The Royal Bank of Scotland Plc * Taishin International Bank *

Taiwan Business Bank Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast ...

*Taiwan Cooperative Bank *

UBS AG UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swis ...

* Union Bank of India * United Overseas Bank Limited *

Woori Bank Woori Bank (Hangul: 우리은행 ''Uri Eunhaeng'') is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea and is showing a strong presence not only for commercial banking but also for co ...

References

External links

Australia's Banking History
ABC
History of Banks
Australian Banking Association {{Economy of Australia

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...

Wikipedia articles in need of updating from March 2013