Australia has 4 main banks which are the Commonwealth bank, Westpac Bank , ANZ Bank and National Australia Bank,.

These are not the only one’s in Australia with numerous smaller banks by capitalization since the deregulation of the 1980’s with more foreign banks allowed into Australia.

From the 1980’s Australians have had a wider choice of banks which is good for the consumer and makes more competition.

With the recent turmoil overseas it is nice to know your money is safe in Australian banks with the added protection of a recent government guarantee.

Banks have been coping a flogging on the ASX at the moment with some nearly halving in price since their peak in Nov 08, we are lucky Australia has some of the toughest regulation for lending and it may get even tougher with all banks looking at their lending practices.

Again we welcome you to the home of bank Australia and we’ll do our very best to keep this website updated with the best and most useful and informative information on what is happening in the Australian banking sector.

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