List of banks in Australia
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
Australian-owned banks and building societies
Restricted ADI (Restricted Authorised Deposit-taking Institution)
| 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.
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.
- https://www.australianmilitarybank.com.au/
- "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30 November 2021.
- https://www.asl.com.au/
- https://www.delphibank.com.au/
- https://www.mylifemyfinance.com.au/
- https://www.qbank.com.au/
- "RACQ Bank – Personal Banking, Loans, Accounts - RACQ".
- "Our history".
- "Digital bank up turns, well, up".
External links
- Australia's Banking History, ABC
- History of Banks, Australian Banking Association
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