Financial Institutions in Australia

In Australia, the main types of financial institutions are: Non-ADI Financial Institutions (eg, Money market corporations), Authorised Deposit-taking Institutions (such as Banks, Building societies, Credit unions), Insurers and Funds Managers (eg, Life insurance companies).

Following is the list of top financial institutions in Australia:

Rabobank Australia - It has been ranked among the 25 largest financial institutions in the world (based on tier one capital). Global Finance ranks Rabobank 6th in its survey of “the world’s safest banks”. Additionally Moody's, Standard and Poor's, and DBRS all give Rabobank a Triple A credit rating.

ING DIRECT (the trading name of ING Bank (Australia) Limited) - It is the world's leading direct savings bank and is wholly owned by ING Group, one of the world’s largest and most successful financial institutions, offering banking, insurance and asset management services to clients worldwide.

Esanda Finance Corporation Limited - It is Australia's leading provider of vehicle and equipment finance solutions. By the mid 1990's Esanda had became the nation's largest finance company and was ranked in the top 10 financial institutions in Australia.

BankSA - It is the largest financial institution in South Australia, with the largest network of branches and ATMs in the state. BankSA is the first South Australian bank to provide transaction banking services to its customers over the Internet.

Commonwealth Bank - It is one of the leading provider of integrated financial services including institutional banking, retail banking, premium banking, business banking, funds management, superannuation, insurance, investment and sharebroking products and services. The Group is one of the largest listed companies on the Australian Stock Exchange and is included in the Morgan Stanley Capital Global Index.

* Featured Articles:

Stock Exchanges in Australia

Top Largest Banks in Australia

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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