Mutual banks and credit unions defer search for profitable foundations 14 June 2024 12:25AM Latest news Ian Rogers Cost discipline is a characteristic too few mutual banks are known for, and nigh on impossible to deliver when boards are balancing pursuit of the greater goal of merging in the name of survival, with.. read more
Beyond Bank, P&N hit merger accelerator 06 June 2024 12:20AM Latest news Ian Rogers Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more
Qudos and Bank Australia to proceed with merger 17 May 2024 6:25AM Latest news Bank Australia and Qudos Bank have agreed to continue to explore a proposed merger and seek regulatory approval to merge, before asking members to vote in 2025. read more
Renewables target too easy for Bank Australia 07 May 2019 3:36PM Authorised deposit-taking institutions George Lekakis Bank Australia is hoping to lower its cost-to-income ratio after announcing it had become the first domestic authorised deposit taker to source all of its electricity through renewable sources. read more
Clean and clear at Bank Australia 10 April 2019 4:14PM Authorised deposit-taking institutions George Lekakis The rapid growth in deposits and lending that has marked Bank Australia's financial performance in recent years shows few signs of abating. read more
Mutual banks model 'sustainable' deposits 31 January 2019 5:07PM Authorised deposit-taking institutions George Lekakis Teachers Mutual Bank and Bank Australia are positioned to boost their respective shares of the deposits market after securing formal certification for the "sustainability" of their savings and term de.. read more
Ethical excels for Bank Australia 08 October 2018 4:57PM Mutual bank Ian Rogers Bank Australia's pointed marketing over the last year is producing returns for the Melbourne-based mutual bank, with customer numbers up 10 per cent over the last year. read more
Social responsibility powers Bank Australia's growth trajectory 12 April 2018 5:20PM Authorised deposit-taking institutions George Lekakis Linking its banking services to environmental and social responsibility has attracted business from non-retail customers and lifted Bank Australia's interim profit by 28 per cent in a low interest rat.. read more
Bank Australia makes responsible lending pay its way 06 October 2017 6:21PM Authorised deposit-taking institutions Bernard Kellerman Bank Australia yesterday released its 2017 financial results showing strong growth in both customer numbers and its balance sheet in its 60th year. read more
A Teachers first legacy in banking 02 August 2017 3:41PM Authorised deposit-taking institutions George Lekakis Teachers Mutual Bank. Bank First. Bank Australia. Rivalry among these three lesser-known pillars of banking is producing chipper growth and new thinking in the sector. read more
Briefs: new CFO for OnDeck, APRA and RBA PR switch, Bank Australia certified responsible 25 January 2017 4:18PM Briefs Banking Day staff Jerry Yohananov has joined OnDeck Australia, a marketplace lender, as chief financial officer. read more
Briefs: NAB plans DIY and cuts planners, Springvale arson prompts FSU moves, Resimac gets CEOs and m 28 November 2016 5:06PM Briefs Ian Rogers NAB encourages self-employment for planners, the FSU claims under-reporting of aggressive customer incidents, two new CEOs and more than one service outage at Westpac, and more. read more
Satisfaction sits at 15-year high among major banks' customers 31 August 2016 4:28PM Customer satisfaction Bernard Kellerman Satisfaction with their main financial institution among the Big Four banks' personal customers in the six months to July 2016 is being maintained at a high point, although a Royal Commission remains.. read more
Bank Australia and Intech Credit Union to merge 09 August 2016 4:34PM M&A John Kavanagh Bank Australia and Intech Credit Union have announced that they will merge. read more
Not a lot of movement on mortgage rates, despite Prime Minister's call 04 August 2016 4:08PM Mortgages Ian Rogers Bank of Sydney and Bank Australia are the only two lenders to have so far announced that they will pass on the full 25 basis point reduction in the cash rate. read more
Majors use RBA rate cut to set up for deposits 03 August 2016 4:41PM Interest rates, consumer Bernard Kellerman Yesterday the board of the Reserve Bank of Australia confirmed what had become a widely expected decision - to shave another 25 basis points off the official cash rate, taking it to an unprecedented l.. read more