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Suncorp Bank is officially Norfina Limited [1] and part of ANZ Group (originally the Suncorp Group), with head offices in Brisbane, Australia. From its beginnings in 1902 [ 2 ] as the Queensland Agricultural Bank, Suncorp Bank has grown into the sixth largest [ 3 ] bank in Australia .
In July 2022, ANZ agreed to terms with Suncorp to purchase Suncorp Bank for $5 billion. [72] However, the Australian Competition & Consumer Commission (ACCC) blocked the deal in August 2023. [73] On 20 February 2024, the Australian Competition Tribunal overturned the decision by the ACCC, paving the way for ANZ to acquire Suncorp Bank. [74]
Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia.It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group.
Customer-Owned [31] Qudos Bank: Sydney: 1959: Customer-Owned [32] RACQ Bank [33] Brisbane: 1965: Owned by Royal Automobile Club of Queensland: Regional Australia Bank: Armidale: 1969: Rural Bank (previously Elders Rural Bank) [34] Melbourne: 2000: Subsidiary of Bendigo & Adelaide Bank: St George Bank: Sydney: 1992: Subsidiary of Westpac ...
ANZ Bank New Zealand Limited (or simply ANZ) is a New Zealand banking and financial services company, which operates as a subsidiary of Australia and New Zealand Banking Group Limited of Australia. ANZ is one of New Zealand's big four banks, and is the largest bank in New Zealand with approximately 30% of market share as of March 2021.
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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 ...
Between 2015 and 2020 five Australian banks, National Australia Bank, Macquarie, Commonwealth Bank, ANZ and Suncorp, divested some or all their life insurance operations. [7] As a result, the largest three life insurance companies in Australia, TAL, AIA and Zurich, account for over 60% of total market share and are all overseas owned. [8]