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Trading

List of Banks in Australia

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: June 11, 2018

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Reserve Bank of Australia
Challenge Bank
Commonwealth Bank
Australia and New Zealand Banking Group Limited (ANZ)
National Australia Bank Limited (NAB)
St. George Bank
BankSA
Westpac Banking Corporation Limited
Bendigo Bank
Adelaide Bank
Advance Bank
Bank of Queensland
Bank of Western Australia
HSBC Bank Australia Limited
Community Bank
Elders Rural Bank
State Bank of Victoria
Members Equity Bank
Macquarie Bank
State Bank of South Australia
State Bank of New South Wales
Citibank
Bank of Melbourne
Suncorp
 

Reserve Bank of Australia
Challenge Bank
Commonwealth Bank
Australia and New Zealand Banking Group Limited (ANZ)
National Australia Bank Limited (NAB)
St. George Bank
BankSA
Westpac Banking Corporation Limited
Bendigo Bank
Adelaide Bank
Advance Bank
Bank of Queensland
Bank of Western Australia
HSBC Bank Australia Limited
Community Bank
Elders Rural Bank
State Bank of Victoria
Members Equity Bank
Macquarie Bank
State Bank of South Australia
State Bank of New South Wales
Citibank
Bank of Melbourne
Suncorp
 

Key Takeaways

  • Australia’s banking sector includes both the central bank and numerous authorised deposit-taking institutions.
  • The Reserve Bank of Australia (RBA) functions as the central bank monitoring interest and inflation.
  • Major lenders include the “Big Four”: Commonwealth Bank, ANZ, NAB and Westpac, alongside regional and foreign‑owned banks.
  • Many banks operate under multiple brands and include both customer‑owned and digital‑only institutions.
  • Foreign bank branches and subsidiaries also play a notable role in Australia’s banking ecosystem.

References

Frequently Asked Questions

What is the central bank of Australia?
The Reserve Bank of Australia (RBA) serves as Australia’s central bank and monetary authority, responsible for setting the official cash rate and managing inflation.
Who are the “Big Four” banks in Australia?
Australia’s “Big Four” refers to Commonwealth Bank of Australia, Australia and New Zealand Banking Group (ANZ), National Australia Bank (NAB), and Westpac Banking Corporation.
Are there digital or customer‑owned banks in Australia?
Yes, Australia includes various digital and customer‑owned banks such as UBank (NAB’s digital arm), Bank Australia, Beyond Bank Australia, and others.
Do foreign banks operate in Australia?
Yes, there are numerous foreign banks incorporated locally or operating as branches, including HSBC, Citibank, BNP Paribas and more.

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