List of banks in Australia: Difference between revisions

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The following is the list of banks in Australia, as well as restricted ADI's,^[1] 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.^[2]

Central bank

Reserve Bank of Australia

Australian-owned banks and building societies

Bank	Headquarters	Established	Owned by / Subsidiary of
ubank (previously 86400)	Sydney	2019	Subsidiary of UBank a division of National Australia Bank^[3]
Alex Bank	Brisbane	2018
AMP Bank	Sydney	1849
Australia & New Zealand Banking Group (ANZ)	Melbourne	1835
Australian Military Bank (previously Australian Defence Credit Union)^[4]	Sydney	1959
Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank)^[5]	Sydney	1953
Australian Settlements Limited (ASL)^[6]	Canberra	1993
Auswide Bank formerly Wide Bay Building Society	Bundaberg	1966
Bank Australia (previously Members and Education Credit Union & Bankmecu)	Melbourne	1957
BankFirst	Melbourne	1972
Bank of Melbourne	Melbourne	2011	Subsidiary of Westpac
Bank of Queensland	Brisbane	1863
BankSA	Adelaide	1848	Subsidiary of Westpac
BankVic	Melbourne	1974
Bankwest	Perth	1895	Subsidiary of the Commonwealth Bank
Bendigo & Adelaide Bank	Bendigo	1858
Beyond Bank Australia	Adelaide	2008
Clean Energy Finance Corporation	Sydney	2012	Owned by the Australian Government
Commonwealth Bank	Sydney	1911
Defence Bank	Melbourne	1975
Delphi Bank (previously Bank of Cyprus Australia)^[7]	Melbourne	2000	Division of Bendigo & Adelaide Bank
Gateway Bank	Sydney	1955
G&C Mutual Bank	Sydney	1959
Greater Bank	Newcastle	1945
Heritage Bank	Toowoomba	1875
Hume Bank	Albury	1955
IMB Bank	Wollongong	1880
Macquarie Bank	Sydney	1969
ME Bank	Melbourne	1994	Subsidiary of the Bank of Queensland
MyLife MyFinance^[8]	Melbourne	2016
MyState Bank	Hobart	2009
National Australia Bank	Melbourne	1982
Newcastle Permanent Building Society	Newcastle	1903
P&N Bank	Perth	1990
Police Bank	Sydney	1964
QBank^[9]	Brisbane	1964
Qudos Bank	Sydney	1959
RACQ Bank^[10]	Brisbane	1965	Owned by Royal Automobile Club of Queensland
Regional Australia Bank	Armidale	1969
Rural Bank (previously Elders Rural Bank)^[11]	Melbourne	2000	Subsidiary of Bendigo & Adelaide Bank
St George Bank	Sydney	1992	Subsidiary of Westpac
Suncorp Bank	Brisbane	1902
Teachers Mutual Bank	Sydney	1966
Tyro Payments	Sydney	2003
UBank	Melbourne	2008	Division of National Australia Bank
Unity Bank	Sydney	1970
Up^[12]	Melbourne	2018	Subsidiary of Bendigo & Adelaide Bank
Westpac (previously Bank of New South Wales)	Sydney	1817

Restricted ADI (Restricted Authorised Deposit-taking Institutions)

Restricted ADI

Credit Unions

Credit Union
Australian Central Credit Union Ltd (t/a People's Choice Credit Union)
Australian Military Bank Ltd
B & E Limited
Bananacoast Community Credit Union Ltd
Bankstown City Credit Union Ltd
Big Sky Building Society Ltd
Broken Hill Community Credit Union Ltd
Cairns Penny Savings & Loans Ltd
CAPE Credit Union Ltd
Central Murray Credit Union Ltd
Central West Credit Union Ltd
Coastline Credit Union Ltd
Community Alliance Credit Union Ltd (t/a Illawarra Credit Union, Western City Credit Union, Catalyst)
Community CPS Australia Ltd (t/a Beyond Bank Australia)
Community First Credit Union Ltd
Community Mutual Limited
Country First Credit Union Ltd
Credit Union Australia Ltd
Credit Union SA Ltd
Dnister Ukrainian Credit Co-operative Ltd
ECU Limited
EECU Limited
Family First Credit Union Ltd
Fire Brigades Employees' Credit Union Ltd
Fire Service Credit Union Ltd
Firefighters & Affiliates Credit Co-Operative Ltd
First Choice Credit Union Ltd
First Option Credit Union Ltd
Ford Co-Operative Credit Society Ltd now Geelong Bank
Goulburn Murray Credit Union Co-Operative Ltd
Greater Building Society Ltd
Heritage Bank Ltd
Heritage Isle Credit Union Ltd
Holiday Coast Credit Union Ltd
Horizon Credit Union Ltd
Hume Bank Ltd
Hunter United Employees’ Credit Union Ltd t/a Hunter United
IMB Limited
Intech Credit Union Ltd
Laboratories Credit Union Ltd
Latvian Australian Credit Co-Operative Society Ltd
Lysaght Credit Union Ltd
Macarthur Credit Union Ltd (t/a The Mac)
Macquarie Credit Union Ltd
Maitland Mutual Building Society Ltd (t/a The Mutual)
Maleny Credit Union Ltd
Maritime, Mining & Power Credit Union Ltd
mecu Limited (t/a Bank Australia)
My Credit Union Ltd
Northern Inland Credit Union Ltd
Nova Credit Union Ltd
Orange Credit Union Ltd
Police Financial Services Limited (t/a BankVic)
Police Bank Ltd
Police & Nurses Ltd
Police Credit Union Ltd
Pulse Credit Union Ltd
QPCU Ltd T/A QBANK
Quay Credit Union Ltd
Queensland Country Credit Union Ltd
Queensland Professional Credit Union Ltd (t/a Your Credit Union)
Queenslanders Credit Union Ltd
Railways Credit Union Ltd (t/a myMOVE)
Regional Australia Bank
SGE Mutual Ltd (t/a G&C Mutual Bank)
South West Slopes Credit Union Ltd
Southern Cross Credit Union Ltd
South-West Credit Union Co-Operative Ltd
Summerland Credit Union Ltd
Sutherland Credit Union Ltd
Teachers Mutual Bank Limited
The Capricornian Ltd
Traditional Credit Union Ltd
Transcomm Credit Co-Operative Ltd
Transport Mutual Credit Union Ltd
Victorian Teachers Mutual Bank Ltd (t/a Bank First)
Warwick Credit Union Ltd
WAW Credit Union Co-Operative Ltd
Woolworths Employees Credit Union Ltd
Wyong Council Credit Union Ltd

Australian friendly societies

Friendly society
Austock Life
Australian Friendly Society
Australian Scholarships Group Friendly Society
Australia Unity (parent of Lifeplan Australia Friendly Society)
Centuria Life
Foresters Friendly Society
Friendly Society Medical Association (t/a National Pharmacies)
KeyInvest
NobleOak Life
Maryvale Friendly Society
Queensland Irish Association Friendly Society
Sureplan Friendly Society
Transport Friendly Society
Victorian Friendly Societies Pharmacies Association

Foreign-owned subsidiary banks

Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority under the Banking Act 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 for liaison purposes, but the activities of that office are restricted.^[13]

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

Bank	Headquarters
Arab Bank Australia	Sydney
Bank of China (Australia)	Sydney
Bank of Sydney, subsidiary of Bank of Beirut	Sydney
Citibank Australia	Sydney
HSBC Bank Australia	Sydney
HDFC Bank Australia	Sydney
ING Bank (Australia) a subsidiary of ING Group, Netherlands	Sydney
Rabobank Australia (a subsidiary of Rabobank Nederland from October 1994)	Sydney

Branches of foreign banks

ABN AMRO Bank N.V.
Bank of America, National Association
Bank of Baroda
Bank of China Limited
Bank of Communications Co., Ltd.
Barclays Capital (the trading name of Barclays Bank plc)
BNP Paribas
China Construction Bank Corporation
China Everbright Bank Co. Ltd.
Credit Suisse
DBS Bank Limited
Deutsche Bank AG
HBOS Treasury Services plc
HSBC Bank plc
ING Bank NV
JPMorgan Chase Bank, National Association
Mega International Commercial Bank Co., Ltd.
Mizuho Corporate Bank, Ltd
National Bank of Greece
Oversea-Chinese Banking Corporation Limited
Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)
Royal Bank of Canada
Société Générale
Standard Chartered Bank
State Bank of India
State Street Bank and Trust Company (SSBATC)
Sumitomo Mitsui Banking Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd
The Hongkong and Shanghai Banking Corporation Limited
The Northern Trust Company
The Royal Bank of Scotland Plc
Taishin International Bank
Taiwan Business Bank
Taiwan Cooperative Bank
UBS AG
Union Bank of India
United Overseas Bank Limited
Woori Bank

References

^ APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework
^ APRA, "List of Authorised Deposit-taking Institutions", as at 2 August 2017
^ "86 400 to combine with UBank to accelerate growth" (PDF). 86 400. 29 January 2021. Retrieved 4 July 2021.
^ "Home". australianmilitarybank.com.au.
^ "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30 November 2021.
^ "Home". asl.com.au.
^ "Home". delphibank.com.au.
^ "Home". mylifemyfinance.com.au.
^ "Home". qbank.com.au.
^ "RACQ Bank – Personal Banking, Loans, Accounts - RACQ".
^ "Our history".
^ "Digital bank up turns, well, up".
^ "foreignbanks.ch".

External links

Australia's Banking History, ABC
History of Banks, Australian Banking Association

[1] APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework

[2] APRA, "List of Authorised Deposit-taking Institutions", as at 2 August 2017

[3] "86 400 to combine with UBank to accelerate growth" (PDF). 86 400. 29 January 2021. Retrieved 4 July 2021.

[4] "Home". australianmilitarybank.com.au.

[5] "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30 November 2021.

[6] "Home". asl.com.au.

[7] "Home". delphibank.com.au.

[8] "Home". mylifemyfinance.com.au.

[9] "Home". qbank.com.au.

[10] "RACQ Bank – Personal Banking, Loans, Accounts - RACQ".

[11] "Our history".

[12] "Digital bank up turns, well, up".

[13] "foreignbanks.ch".

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@@ Line 116: / Line 116: @@
 |}
-== Restricted ADI (Restricted Authorised Deposit-taking Institution s) ==
+== Restricted ADI (Restricted Authorised Deposit-taking Institutions) ==
 {| class="wikitable sortable"
 !Restricted ADI

v t e List of banks in Oceania
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Associated states of New Zealand	Cook Islands Niue
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