Login or request a free trial

Queensland Country sells health fund

Queensland Country Bank has completed the sale of its health fund to HBF – the second sale of a health fund to HBF by a Queensland-based mutual bank in the past couple of years. The sale of Queensland Country Health Fund will deliver around 70,000 members to HBF. In 2021, HBF acquired CUA Health. Queensland Country Bank chief executive Aaron Newman said the proceeds of the sale, which were not disclosed, would allow the bank to take advantage of growth opportunities. Newman said Queensland Country’s ambition was to become “a major regional Queensland bank”. Queensland County Heath Fund’s 100 employees have been offered employment at HBF at their current locations. Queensland Country Bank and HBF will have a business relationship, with HBF health insurance products offered through Queensland Country distribution channels. 

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day