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 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
References
External links
- Australia's Banking History, ABC
- History of Banks, Australian Banking Association
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