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The following is the list of banks in Australia, as well as restricted authorised deposit-taking institutions (ADI), [1] credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia.
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation ...
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 which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Westpac: Sydney 35.4 4.3 686.8 62.1 Banking 6 266 Macquarie Group: Sydney 19.6 2.2 264.0 46.6 Finance: 7 392 Fortescue: Perth 18.6 5.8 29.9 55.4 Iron and Steel: 8 437 CSL: Melbourne 14.1 2.5 37.3 90.5 Pharmaceutical: 9 505 Woodside Energy: Perth 14.0 1.6 55.4 34.9 Oil and gas 10 564 Wesfarmers: Perth: 28.9 1.7 18.6 51.9 Conglomerate 11 624 QBE ...
In 1991 St.George made its first interstate acquisition by buying the Victorian Savings and Loan Society, which had branches in a number of regional cities and towns. [8] Three years later in 1994 St.george bought the retails commercial bank and finance divisions of Barclays Bank Australia, incorporating 550 staff and 18 branches into the group ...
Perth Building Society merges with Hotham Building Society to form Challenge Bank [2] 1990: Town and Country Building Society, WA acquired by ANZ [2] 1994: R&I renamed to Bank of Western Australia Limited, trading as BankWest: 1995: Challenge Bank acquired by Westpac (formerly Bank of NSW) 1995
In 1992, Westpac bought out the share in the development of C. Ito and Shimizu, and took over the AGC share in the property. [7] Westpac put the tower's leasehold on the market in late 1996 at a hefty discount to its development cost. [7] The leasehold was purchased in April 1997 by Schroders Property for $106 million.
In 1985, the first interstate branch was opened in Sydney. [2] In June 1987, the Primary Industry Bank of Australia became a subsidiary. [8] In August 1987, the Teachers' Credit Society was taken over in a bailout. [9] [10] In 1988, the headquarters moved to 108 St Georges Terrace, which was the tallest building in Perth at the time. [3]