The Australian Banking Association (ABA) is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.
The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.
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In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.
The working paper focuses on the construction and agriculture sectors and seeks to provide a point of reference for banks to operationalise modern slavery risk identification and management.
An average of $3.2 billion was lent to small business in the second half of 2021, up 24% from the $2.6 billion in the second half of 2020.
ore than 30 industry leaders addressed the audience throughout the day, deep-diving into the opportunities, digital disruptions, new customer trends and risks that face the banking industry.
The nation’s banking sector will come together for the inaugural Australian Banking Association (ABA) conference on Friday, with a focus on economic recovery and Planning for Tomorrow. Reserve Bank Governor Philip Lowe will headline the conference with a keynote speech, while attendees will also hear from prominent industry leaders including Westpac CEO and ABA… Read more »
removing existing legal barriers that make it more difficult for financial institutions to help victim survivors of financial abuse.
options to defer loan repayments for up to 3 months for those customers affected by the flood disasters
“Our elderly Australians have worked hard over many years and deserve to live out their later years with dignity, respect and financial independence.”
The Australian Banking Association welcomes the Government’s payment system reform plan, which will pave the way for modernisation and improvements that benefit customers and ensure Australia maintains a world-class payments system.
“This has been a thorough and transparent process and it has been encouraging to see the high levels of interest and engagement in the Banking Code.”
The Australian Banking Association (ABA) Council has today appointed Peter King, Chief Executive Officer of Westpac, as Chair.
“The small business sector is already powering Australia’s economic recovery. In the three months to August 2021, $10 billion in new lending was made to small business.”
Services such as PayID, BPay and e-invoicing will show who you’re paying before you pay, ensuring money is going to the intended account.
“it’s heartening to see the need for assistance declining as many States and Territories come out of lockdown”
“banks remain committed to providing banking services to every Australian, especially those in regional and remote areas,”
“it’s no surprise to see banks invest in areas where customers prefer to bank, such as in their online platforms and apps.”
As essential services, Australia’s banks have focussed, throughout the COVID-19 pandemic, on keeping their staff and customers safe.
Australia’s banking industry is introducing six new reforms in the space of one week.
“Scammers don’t target one group over another, they target all people of all backgrounds, ages and income levels across Australia.”
More than 57,000 customers have received hardship assistance during recent lockdowns across Australia.