Australia banking Information
Economy—overview: Australia has a prosperous Western-style capitalist economy with a per capita GDP at the level of the highly industrialized West European countries. Rich in natural resources Australia is a major exporter of agricultural products minerals metals and fossil fuels. Commodities account for 57% of the value of total exports so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports of manufactured goods but competition in international markets continues to be severe. Australia has suffered from the low growth and high unemployment characterizing the OECD countries in the early 1990s but the economy has expanded at reasonably steady rates in recent years. In addition to high unemployment short-term economic problems include a balancing of output growth and inflationary pressures and the stimulation of exports to offset rising imports especially given the economic crisis in Asia.
GDP: purchasing power parity—$394 billion (1997 est.)
GDP—real growth rate: 3.3% (1997 est.)
GDP—per capita: purchasing power parity—$31,020 (2005 est.)
GDP—composition by sector:
agriculture: 4%
industry: 31%
services: 65% (1997 est.)
Inflation rate—consumer price index: 1% (1997 est.)
Labor force:
total: 9.2 million (December 1997)
by occupation: services 73% industry 22% agriculture 5% (1997 est.)
Unemployment rate: 8.4% (1997)
Budget:
revenues: $89.35 billion
expenditures: $91.92 billion including capital expenditures of $NA (FY97/98 est.)
Industries: mining industrial and transportation equipment food processing chemicals steel
Industrial production growth rate: 1.2% (1995)
Electricity—capacity: 38.83 million kW (1995)
Electricity—production: 163.082 billion kWh (1995)
Electricity—consumption per capita: 8 901 kWh (1995)
Agriculture—products: wheat barley sugarcane fruits; cattle sheep poultry
Exports:
total value: $68 billion (f.o.b. 1997 est.)
commodities: coal gold meat wool alumina iron ore wheat machinery and transport equipment
partners: Japan 20% ASEAN 16% South Korea 9% US 9% NZ 8% UK Taiwan Hong Kong China (1997)
Imports:
total value: $67 billion (f.o.b. 1997 est.)
commodities: machinery and transport equipment computers and office machines telecommunication equipment and parts; crude oil and petroleum products
partners: US 22% Japan 17% UK 6% China 5% NZ 5% (1994/95)
Debt—external: $150 billion (December 1996)
Economic aid:
donor: ODA $1.43 billion (FY97/98)
Currency: 1 Australian dollar ($A) = 100 cents
Exchange rates: Australian dollars ($A) per US$1—1.4865 (February 1998) (1.3439 (1997) 1.2773 (1996) 1.3486 (1995) 1.3668 (1994) 1.4704 (1993)
Fiscal year: 1 July—30 June
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- St. George Bank Limited - St. George offers you full banking facilities, including leading-edge banking technology such as Internet Banking, PhoneBanking and ecash.
- AMG International Bank Corporation - Offshore banking, electronic banking, investments, securities, trusts, letters of credit, foreign exchange trading, securities, money and asset management, tax deffered investment, confidential accounts, IBC and Bank organization. Banking correspondents being established around the world. Mortgage and Leasing divisions and administration in Australia, Nauru, London, Nauru and the U.S.
- Australia and New Zealand Banking Group Ltd. - Australia and New Zealand Banking Group Limited (ANZ) is Australia’s leading international banking and financial services group. ANZ offers a full range of financial products and services in Australia and New Zealand and has representation in 41 other countries, predominantly in greater Asia. With total assets of AUD 135 billion, ANZ is the second largest Australian based bank.
- Bank of Melbourne - A premier Australian regional bank.
- National Australia Bank - In Australia, National Australia Bank provides banking and financial services for individuals, businesses and community organisations.
- St. George Bank Limited - St. George offers you full banking facilities, including leading-edge banking technology such as Internet Banking, PhoneBanking and ecash. Information on the bank, including home loan rates, new announcements and financial results details.
- Suncorp-Metway Ltd.
- BBL Funds Management Limited - An Australian-based subsidiary of Banque Bruxelles Lambert S.A. of Belgium. The company offers The Director trust, a unique managed investment in Australian Equities and near-cash securities. The Director Trust contains three Equity funds and one near cash Enhanced Yield fund. Investors may either replicate the broad market index (the All Ordinaries) or set up their own active positions. MER is capped at a very low value (about 1/3 of the Australian industry average), and multimedia is used extensively in direct marketing.
- Bendigo Bank - Bendigo Bank is a regional and community bank, the only bank with its headquarters in regional Australia. The bank offers 100 branches nationally, plus Internet banking.
- Colonial Bank - Colonial is a diverse international financial services group. With businesses in banking; retail insurance; investments; superannuation; funds management; stockbroking; and funds administration and consulting, Colonial offers financial solutions to our customers' lifelong financial needs.
- Commonwealth Bank of Australia
- First Australian Building Society - First Australian Building Society will develop solutions to meet customers' financial requirements in a changing environment with an emphasis on simplicity, convenience and quality in balance with the needs of stakeholders. The Society's main activities continue to be retail investments and mortgage lending. Additional facilities now available through the Society include commercial lending, consumer lending, credit card facilities and business products.
- Macquarie On-Line - Macquarie is a member of the Australian finance and banking community. They provide a wide range of services including investment banking, stockbroking, and funds management.
- Westpac Bank - Services, rates etc. of the Westpac Bank of Australia.