The following is the list of banks in Australia, as well as credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Prudential Regulation Authority (APRA) as authorised deposit-taking institutions (ADI) under the Banking Act 1959 (Cth), as at 2 August 2017.
Central bank
Top 10 Banks In Australia - 1. National Australia Bank (NAB) 2. Commonwealth Bank (CBA) (was owned by Commonwealth Australian Government up to 1996) 3. Australia and New Zealand Banking Group (ANZ) 4. Westpac (WBC) 5....
- Reserve Bank of Australia
Australian-owned banks and building societies
Credit Unions
Australian Friendly Societies
Foreign-owned subsidiary banks
Foreign banks wishing to carry on a banking business in Australia must obtain a banking authority under the Banking Act issued by APRA, either to operate as a wholesale bank through an Australian branch or to conduct business through an Australian-incorporated subsidiary. Foreign banks which do not wish to obtain a banking authority may operate a representative office for liaison purposes, but the activities of that office are restricted.
There are a number of foreign subsidiary banks; however, only a few have a retail banking presence â€" HSBC Bank Australia, Delphi Bank, Bank of Sydney and Citibank Australia have a small number of branches. Foreign banks have a more significant presence in the Australian merchant banking sector.
Branches of foreign banks
- ABN AMRO Bank N.V.
- Bank of America, National Association
- Bank of Baroda
- Bank of China Limited
- Barclays Capital (the trading name of Barclays Bank plc)
- BNP Paribas
- China Construction Bank Corporation
- Credit Suisse
- Deutsche Bank AG
- HBOS Treasury Services plc
- HSBC Bank plc
- ING Bank NV
- JPMorgan Chase Bank, National Association
- Mega International Commercial Bank Co., Ltd.
- Mizuho Corporate Bank, Ltd
- National Bank of Greece
- Oversea-Chinese Banking Corporation Limited
- Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)
- Royal Bank of Canada
- Société Générale
- Standard Chartered Bank
- State Bank of India
- State Street Bank and Trust Company (SSBATC)
- Sumitomo Mitsui Banking Corporation
- The Bank of Tokyo-Mitsubishi UFJ, Ltd
- The Hongkong and Shanghai Banking Corporation Limited
- The Northern Trust Company
- The Royal Bank of Scotland Plc
- Taishin International Bank
- Taiwan Business Bank
- UBS AG
- Union Bank of India
- United Overseas Bank Limited
- Woori Bank
See also
- Banking in Australia
- List of banks
- List of banks in Oceania
References
External links
- Australia's Banking History, ABC
