Submission to the Inquiry into the Australian Banking Industry Appendix 2: Australian Banks – 1980 to 1990

House of Representatives Standing Committee on Finance and Public Administration

Banks Operating January 1980
Australia and New Zealand Banking Group
Australia and New Zealand Savings Bank
Australian Resources Development Bank
Bank of Adelaide
Bank of Adelaide Savings Bank
Bank of New South Wales
Bank of New South Wales Savings Bank
Bank of New Zealand
Bank of New Zealand Savings Bank
Bank of Queensland
Banque Nationale de Paris
Commercial Bank of Australia
Commercial Savings Bank of Australia
Commercial Banking Company of Sydney
CBC Savings Bank
Commonwealth Trading Bank of Australia (June 1984 renamed Commonwealth Bank of Australia)
Commonwealth Savings Bank of Australia
Commonwealth Development Bank of Australia
Hobart Savings Bank (trading as The Savings Bank of Tasmania)
Launceston Bank for Savings
National Bank of Australasia
National Bank Savings Bank
Primary Industry Bank of Australia
Rural Bank of New South Wales (November 1981 renamed State Bank of New South Wales)
The Rural and Industries Bank of Western Australia
Savings Bank of South Australia
The State Bank of South Australia
State Savings Bank of Victoria (December 1980 renamed State Bank of Victoria)
Changes In Bank Participants Since 1980
Year Bank(a) Entry Bank Merger, Takeover
October 1980   Bank of Adelaide merged with Australia and New Zealand Banking Group.
February 1981 Australian Bank.  
October 1981   Bank of New South Wales merged with Commercial Bank of Australia to form Westpac Banking Corporation (fully integrated October 1982).
    National Bank of Australasia merged with Commercial Banking Company of Sydney (name subsequently changed to National Australia Bank). (Fully integrated January 1983).
September 1983 Bank of Queensland Savings Bank.  
July 1984   The State Bank of South Australia merged with the Savings Bank of South Australia to become State Bank of South Australia.
February 1985 Macquarie Bank.  
June 1985 Advance Bank (formerly NSW Permanent Building Society).  
September 1985 CHASE AMP Bank.  
October 1985 Lloyds Bank NZA.  
November 1985 Bank of Tokyo Australia,
Barclays Bank Australia.		  
December 1985 IBJ Australia Bank,
Citibank and Citibank Savings,
Bank of China.		  
January 1986 Mitsubishi Bank of Australia.  
February 1986 Deutsche Bank Australia,
NatWest Australia Bank,
Hongkong Bank of Australia,
Bankers Trust Australia,
National Mutual Royal Bank
and National Mutual Royal Savings Bank.		  
April 1986 Standard Chartered Bank Australia.  
May 1986 Bank of America Australia,
Bank of Singapore (Australia).		  
June 1986 Civic Advance Bank (formerly Civic Co-operative Permanent Building Society (ACT)).  
March 1987 National Mutual Royal Savings Bank (NSW) (formerly United Permanent Building Society).  
April 1987 Challenge Bank (formed from Perth Building Society and Hotham Permanent Building Society).  
June 1987   Primary Industry Bank of Australia became a subsidiary of The Rural and Industries Bank of Western Australia.
September 1987 Tasmania Bank (established under State legislation by merger of Launceston Bank for Savings and Tasmanian Permanent Building Society).  
December 1987   National Mutual Royal Savings Bank (NSW) merged with National Mutual Royal Savings Bank.
July 1988 Metway Bank (formerly Metropolitan Permanent Building Society).  
February 1989   State Bank of Victoria acquired Australian Bank.
July 1989 Bank of Melbourne (formerly RESI Statewide Building Society).  
October 1989   Australian Resources Development Bank acquired by National Australia Bank.
April 1990   Australia and New Zealand Banking Group acquired National Mutual Royal Bank.
August 1990   Civic Advance Bank changed its name to Canberra Advance Bank following acquisition of Canberra Building Society.
January 1991   Commonwealth Bank of Australia merged with State Bank of Victoria.
    Commonwealth Development Bank converted by legislation to a subsidiary of Commonwealth Bank of Australia.
(a) Commenced operations.
Banks Operating 30 June 1990: Total Assets(a)
$ million
Bank Total Assets
Advance Bank Australia 5,654
Civic Advance Bank 673
Australia and New Zealand Banking Group 42,437
Australia and New Zealand Savings Bank 6,669
National Mutual Royal Bank 2,387
National Mutual Royal Savings Bank 2,446
Bank of America Australia 815
Bank of China 172
Bank of Melbourne 3,695
Bank of New Zealand 2,398
Bank of New Zealand Savings Bank 78
Bank of Queensland 405
Bank of Queensland Savings Bank 453
Bank of Singapore (Australia) 543
Bank of Tokyo Australia 825
Bankers Trust Australia 1,980
Banque Nationale de Paris 1,964
Barclays Bank Australia 2,288
Challenge Bank 3,299
CHASE AMP Bank 3,414
Citibank 4,810
Citibank Savings 2,961
Commonwealth Bank of Australia 31,032
Commonwealth Savings Bank 20,059
Commonwealth Development Bank(b) 2,399
State Bank of Victoria(c) 20,048
Australian Bank 278
Deutsche Bank Australia 1,655
Hongkong Bank of Australia 2,980
IBJ Australia Bank 1,057
Lloyds Bank NZA 1,018
Macquarie Bank 1,726
Metway Bank 2,037
Mitsubishi Bank of Australia 1,120
National Australia Bank 40,839
National Australia Savings Bank 9,912
Australian Resources Development Bank 194
NatWest Australia Bank 2,812
The Rural and Industries Bank of Western Australia 6,855
Primary Industry Bank of Australia 1,206
S.B.T. Bank(d) 656
Standard Chartered Bank Australia 764
State Bank of New South Wales 14,743
State Bank of South Australia 12,273
Tasmania Bank 878
Westpac Banking Corporation 45,629
Westpac Savings Bank 13,314
Total 325,850
(a) Average weekly figures for assets on Australian books.
(b) Converted under legislation to a subsidiary of Commonwealth Bank of Australia from 1 January 1991.
(c) Merged with Commonwealth Bank of Australia from 1 January 1991.
(d) Formerly trading as Savings Bank of Tasmania.