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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 ...
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. [3]
The Commonwealth Bank is Australia's largest retail bank and offers customers a range of products and services, including loans, credit cards, transaction and savings accounts. It has the largest branch and ATM network. [106] It also offers services to people planning to move to Australia. [107]
The Bank of Australia was a failed financial institution of early colonial New South Wales. It was formed in 1826 and collapsed in 1843. It was formed in 1826 and collapsed in 1843. Founding
the Bank of Western Australia (BWA) is established by prominent local businessmen including George Leake as its first chairman 1841: the Bank of Western Australia is sold to the Bank of Australasia: 1841: The Western Australia Bank (WAB) is established 1845: The original Bank of Western Australia closes 1855: Government savings bank opens 1863
Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 2011, and Bank Australia in 2015. Bank Australia is a member organisation of the Global Alliance for Banking on Values and is a certified B Corporation ...
MyState was founded as a Credit Union in Tasmania, Australia under the name Connect Credit Union, which was created from the merging of two credit unions, the Teachers, Police and Nurses Credit Union and Savings & Loans (Credit Union Cooperartive).
The Bank of South Australia was created in 1837 by British investors. It was essentially a British venture, closely supervised by British directors, but utilising the knowledge and advice of local managers in South Australia. [1] From 1840, it was associated with or a subsidiary of the South Australian Banking Company.