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
| Bank | Headquarters | Established | Owned by / Subsidiary of |
|---|---|---|---|
| 86400 Limited | Sydney | 2019 | |
| AMP Bank Limited | Sydney | 1849 | |
| Australia and New Zealand Banking Group (ANZ) | Melbourne | 1835 | |
| Australian Military Bank (previously Australian Defence Credit Union) | Sydney | 1959 | |
| Australian Settlements Limited (ASL) | Canberra | 1993 | |
| Auswide Bank formerly Wide Bay Building Society | Bundaberg | 1966 | |
| Bank Australia (previously Bankmecu) | Melbourne | 1957 | |
| BankFirst | Melbourne | 1972 | |
| Bank of Melbourne | Melbourne | 2011 | Subsidiary of Westpac Banking Corporation |
| Bank of Queensland | Brisbane | 1863 | |
| Bank SA | Adelaide | 1848 | Subsidiary of Westpac Banking Corporation |
| BankVic | Melbourne | 1974 | |
| Bank of Western Australia trading as BankWest | Perth | 1895 | Subsidiary of the Commonwealth Bank of Australia |
| Bendigo and Adelaide Bank | Bendigo, Victoria | 1858 | |
| Beyond Bank Australia | Adelaide | 2008 | |
| Clean Energy Finance Corporation | Sydney | 2012 | Owned by the Australian Government |
| Commonwealth Bank of Australia | Sydney | 1911 | |
| Defence Bank | Melbourne | 1975 | |
| Delphi Bank (previously Bank of Cyprus Australia) | Melbourne | 2000 | Division of the Bendigo and Adelaide Bank Limited |
| Endeavour Mutual Bank | Sydney | 1953 | |
| 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 | |
| Members Equity Bank trading as ME Bank | Melbourne | 1994 | |
| MyLife MyFinance | 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 | Brisbane | 1964 | |
| Qudos Bank | Sydney | 1959 | |
| RACQ Bank | Brisbane | 1965 | Owned by Royal Automobile Club of Queensland (RACQ) |
| Regional Australia Bank | Armidale | 1969 | |
| Rural Bank (previously Elders Rural Bank) | Melbourne | 2000 | Subsidiary of Bendigo and Adelaide Bank Limited |
| St. George Bank | Sydney | 1992 | Subsidiary of Westpac Banking Corporation (Australia) Limited |
| Suncorp Bank | Brisbane | 1902 | |
| Teachers Mutual Bank | Sydney | 1966 | |
| Tyro Payments | Sydney | 2003 | |
| UBank | Melbourne | 2008 | Division of National Australia Bank Limited |
| Unity Bank | Sydney | 1970 | |
| Up[3] | Melbourne | 2018 | Subsidiary of Bendigo and Adelaide Bank Limited |
| Volt Bank | Sydney | 2018 | |
| Xinja Bank | Sydney | 2019-2020 | |
| Westpac Banking Corporation (previously Bank of New South Wales) | Sydney | 1817 |
Restricted ADI
| Restricted ADI |
|---|
Credit Unions
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, Delphi Bank, 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
- UBS AG
- Union Bank of India
- United Overseas Bank Limited
- Woori Bank
See also
- Banking in Australia
- List of banks
- List of banks in Oceania
References
External links
- Australia's Banking History, ABC
- History of Banks, Australian Banking Association