About Suncorp Bank
A part of the Suncorp Group, Suncorp Bank is one of the fifth largest bank in Australia. It was founded in 1902, almost 117 years ago and still providing excellent financial and banking services. The main head offices of Suncorp Bank are located in Brisbane, Australia. The current CEO of this huge corporation is David Carter. The parent of Suncorp Bank is Suncorp Group Limited. Now let’s get into the History of how it all began. Visit the official website of suncorp bank here.
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History of Suncorp Bank
Originally in 1902, Queensland Agricultural Bank opened it’s first ever branch in the south west Queensland. Their first ever service was to provide loans to rural communities. In 1916, The State Accident Insurance office established. Later became SGIO which provided public life and general insurances. In 1960, SGIO as a separate corporation passed according to a new legislation passed. The most important thing was the merger as Suncorp-Metway in 1990s. The state owned QIDC and Suncorp combined with the Metway Bank in 1996.
Hence the company Suncorp-Metway became the largest insurance and finance groups in Australia. It was huge and ranked fifth in the national market as well exceeding $22 Billion in assets. The government controlled 68% of the company but later sold off most of the stakes. In 1999, Suncorp-Metway completed the inegration of Metway, QDIC and Suncorp then later launched a unified Suncorp-Metway brand. While on 19 April 2009, Suncorp Group announced a re-branding of banking arm to the Suncorp Bank. It gave company a view to reflect Suncoprt as a bank with an insurance arm, not an insurance company. Today, Suncorp remains one of the largest financial services provider organization which supports millions of customers. The corporation employs over 13000 employees in Australia and in New Zealand and serves over 9.6 million customers.
Purpose of Suncorp
- To create better today for all the customers, shareholders, people and communities as well.
- To help individuals, families and business connect with the products, tools and experiences.
- Create values for customers and help them in the most important times in their lives.
- To inspire the people to make decisions to contribute to a larger purpose for making a certain difference.
- To give shareholders the assurance that the business will continue to deliver strong returns and growth over the long-term.
Volunteering in the Community
Suncorp always think of making a huge difference on the communities. The corporation always encourage their employees on using their one day volunteer leave per annum to support for a cause. The Suncorp provides program and empower individuals on making a differences on what they are passionate about. The programs include give and share by volunteering, fundraising, donation and many more.
Satisfying customers is and always will be the most important thing for any corporations. Suncorp ensures fair and ethical ways to interact with their customers. The team of Suncorp will be glad to act upon opportunities to protect customers’ interests.