Sunday, April 21, 2024

CATEGORY

Banking

ANZ celebrates opening of its new, improved branch office

The ANZ branch in Tennant Creek has celebrated the opening of its new location after serving customers at its Paterson Street premises for decades. The new branch is still located on the main street, but now boasts a modern interior that’s bright and welcoming, showcasing ANZ’s unwavering commitment to the local community.

Your bank turns 25!!

The Community Bank Maldon & District is now 25 years old, and you’re invited to the celebration at Bank Corner ... It all began with a determined group of local residents who banded together to see what they could do about the fact that the Commonwealth Bank and the National Bank had deserted the town.

Try telling this to people in Pittsworth and Clifton…

The new Group Chief Executive Officer for the NAB has made contact with the bank’s customers explaining how the bank is continuing to support its customers. Andrew Irvine has been appointed NAB Group Chief Executive Officer, replacing Ross McEwan ... "During more than 20 years in banking I’ve learned that delivering the best experience for customers should be at the heart of why we come to work each day," Mr Irvine said.

Another NAB branch bites the dust

Local readers who may have been used to ducking across to Pittsworth to use the services of NAB will have to change their ways from today (Thursday). The Pittsworth branch of NAB has closed permanently. The closure comes despite a strongly supported petition organised by the Federal Member for Groom, Garth Hamilton as well as a personal letter from Mr Hamilton to the CEO of the Bank.

ANZ temporary branch closure concerns local customers

The Member for Barkly has called out the corporate ANZ company for its lack of stable banking facilities in Tennant Creek. A number of customers who had been waiting outside the local branch since its 9.30am opening time on Tuesday were frustrated by its closure. Barkly MLA Steve Edgington highlighted the plight of residents without keycards ...

New legislation to strengthen financial system and boost investment in cleaner cheaper, energy: Chalmers

The Albanese Government will ... introduce legislation to maximise the economic opportunities of cleaner, cheaper and more reliable energy and strengthen Australia’s financial system ... The Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill ... will implement two important reforms – new mandatory climate reporting requirements for big companies and a new regime to protect our financial market infrastructure in the event of a crisis.

Not ‘egg-cellent’ news – consumers face higher chocolate prices heading into Easter: Rabobank

Australian consumers are facing higher chocolate prices heading into Easter, as global cocoa prices soar, according to Rabobank data. The global agribusiness banking specialist says data analysis shows Australian retail chocolate prices overall are up 8.8 per cent on the previous year.

Urgent action needed to address bank closures in regional Australia

In a public hearing ... President Smith, representing the Shire of Ashburton, has ignited a call to action to halt the ongoing regional services inequality and curb the accelerating closures of banks across regional Australia. President Smith emphasised the urgent need to shed light on the insidious impact these closures are having on towns and communities...

Bankwest invited to appear at Senate Inquiry: Canavan, Rennick, Colbeck, Brockman

Following the announcement of the closure of all Bankwest branches, the Regional and Rural Affairs and Transport Committee have invited Bankwest to appear at hearings in the Pilbara ... Senators Matthew Canavan, Gerard Rennick, Richard Colbeck and Slade Brockman have expressed their disappointment in the closure of Bankwest’s 45 branches despite commitments to not close branches during the ongoing Senate Inquiry into Regional Bank Closures.

Bankwest branch closures: Love

Leader of the Opposition and Leader of the Nationals WA Shane Love ... noted Bankwest’s announcement of a transition to a wholly online servicing model and closure of their branch network across the State. Bankwest, which is owned by CBA (Commonwealth Bank of Australia), has stated 15 regional branches of Bankwest will be converted to CBA branches.

Bank calls for HAFF quarantine

Bendigo and Adelaide Bank is calling on the Federal Government to quarantine regional Australia’s fair share of the Housing Australia Future Fund (HAFF). We would like to see 40 per cent of the HAFF directed to regional Australia to support population growth, address the regional housing crisis, and unlock the economic potential of Australia’s regional communities.

Third of NAB’s regional banks wiped in CEO’s reign of terror

After slashing NAB's regional branches by a third Ross McEwan is bailing before a senate inquiry into the closures reports. Miniscule savings at the cost of trashing the bank's reputation in a critical lending base. What will his legacy be?

RIC loans variable interest rate change from 1 February 2024: RIC

Australian Government farm business lender, RIC (Regional Investment Corporation) announced the variable interest rate on all concessional farm business loans including AgriStarter, Farm Investment, Drought, and AgBiz Drought, will increase by 47 basis points to 4.99 per cent effective from 1 February 2024. The Plantation Loan will increase to 4.54 per cent.

The Big Banks’ “postcode discrimination” was the canary in the coal mine all along: Katter

Katter’s Australian Party Leader and Member for Traeger, Robbie Katter, said he is heartened by calls for the dilution of private corporate control over the provision of essential “public” services but that action could have been taken years ago had regional Queenslanders been listened to ... a “fifth pillar” in the banking sector was needed to curtail the market power of the so-called Big Four ...

New climate reporting reforms for a stronger financial system: Chalmers

The draft legislation amends the Australian Securities and Investment Commission Act 2001 and the Corporations Act 2001 (Cth) to introduce standardised, internationally-aligned reporting requirements for businesses, to ensure they are making high quality climate-related financial disclosures ... Consultation for the draft legislation released today [12 January 2024] is now open and submissions will close 9 February 2024.

The digital age: Are we ready to go cashless?

As the fallout from the Optus outage … continues to be felt across the country, the push to transition Australia into a cashless society has come under scrutiny … several local businesses have reported an increase in cash payments, with hundreds of customers opting to hand over notes and coins in lieu of tapping their cards.

Bank – Increased profits

‘Tis the season of the Annual General Meeting, and an attentive audience gathered at the Maldon Community Centre last Wednesday evening for the Community Bank Maldon & District’s AGM ... Bank Chair Ross Egleton thanked the Board’s directors and welcomed new Board members Michael Annear and Jessica Clarke-Hong.

Bendigo Bank continues commitment of providing local banking services

The 2023 financial year was another significant one in the Bendigo Bank Narrandera branch (Narrandera District Investments) history of the company, both operationally and financially. Chairman Jack Langley said the year ended 2023 saw a substantial rise in margins due to increased rates.

Optus crash a reminder why we need banks to stay open: Rennick, Canavan

Today’s Optus mass outage is a timely reminder as to why banks need to remain open in times of emergency, so people can access cash to pay for essentials, said Queensland LNP Senators Gerard Rennick and Matt Canavan. Senator Rennick said the outages affecting more than 10 million Australians brings the digital weakness into focus. “Unless people had cash on hand how many of our small businesses missed out on sales this morning?” Senator Rennick said.

APRA bogged in a data mess of its own making

Headlines around Australia last week screamed out about bank closures. They were triggered by the release of the Australian Prudential Regulation Authority’s annual points of presence data that showed an 11 per cent fall in bank branches nationally in 12 months ... The media coverage of the data release last week only adds to the confusion.

1.6 million reasons to celebrate bank’s 20th birthday anniversary

Jenny Pollard. It’s hard to believe twenty years have passed since the Charlton and District Community Bank Branch Bendigo Bank celebrated its grand opening ... over the 20 year period of the bank’s operation in excess of $1.6 million had been shared back into local communities.

Another country bank shuts the doors

The doors closed on Kyogle’s National Australia Bank on Thursday, October 19. The closures of bank branches across regional Australia has been happening with regularity in the past five years and continues with the Kyogle closure.

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