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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.
At the time of the merger, Suncorp and QIDC were 100% Queensland Government owned. Suncorp was operating as an allfinanz group with approximately $10 billion in assets, while QIDC had total assets of $3 billion. Metway Bank was Queensland's largest locally based bank with operations in New South Wales and Victoria. At the time of the merger ...
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 ...
Customer-Owned [32] RACQ Bank [33] Brisbane: 1965: Owned by Royal Automobile Club of Queensland: Regional Australia Bank: Armidale: 1969: Rural Bank (previously Elders Rural Bank) [34] Melbourne: 2000: Subsidiary of Bendigo & Adelaide Bank: St George Bank: Sydney: 1992: Subsidiary of Westpac: Suncorp Bank: Brisbane: 1902: Subsidiary of ANZ ...
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Every investor in Bank of Hawaii Corporation (NYSE:BOH) should be aware of the most powerful shareholder groups...
Heritage and People’s Choice Limited, trading as People's Choice, [5] is an Australian credit union based in Adelaide, South Australia.It is one of Australia's largest [4] credit unions, with branches located in South Australia, Northern Territory and Victoria, offering loans, credit cards, transaction and savings accounts, mortgages and insurance.