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Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia.It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group.
On 19 April 2009 Suncorp announced a rebranding of the banking arm of the company to Suncorp Bank. Whilst the brand name of Suncorp was well known within Queensland as a bank, re-branding to Suncorp Bank supported its expansion into other states. In July 2022, Suncorp Bank won Money Magazine's Bank of the Year Award for the fifth year in row. [7]
In July 2022, ANZ agreed to terms with Suncorp to purchase Suncorp Bank for $5 billion. [72] However, the Australian Competition & Consumer Commission (ACCC) blocked the deal in August 2023. [73] On 20 February 2024, the Australian Competition Tribunal overturned the decision by the ACCC, paving the way for ANZ to acquire Suncorp Bank. [74]
(Reuters) -Australia and New Zealand Banking Group is buying the banking arm of insurer Suncorp Group for A$4.9 billion ($3.33 billion), as the smallest of Australia's major lenders seeks to ...
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 ...
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Suncorp-Metway Limited (Suncorp), part of the Suncorp Group, is Australia's fifth largest and leading regional bank. With more than $96 billion in assets, it is among the top 25 companies listed ...
Bank Headquarters Established Owned by / Subsidiary of Certified B Corporation Crypto Friendly Alex Bank: Brisbane: 2018 AMP Bank: Sydney: 1849: ANZ Bank: Melbourne: 1835: Australian Military Bank (previously Australian Defence Credit Union) [5] Sydney: 1959: Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank) [6 ...