Transfer of banking business to Bank Australia
Date: November 2024
Value: A$1.4bn in loans and credit, A$1.6bn in deposits

by Mikala Faini
08/11/2024

Transfer of banking business to Bank Australia

Flagstaff Partners is acting as financial adviser to Australian Unity Limited on its subsidiary, Australian Unity Bank (“AUBL”), transferring its banking operations to Bank Australia. The transfer includes AUBL’s 25,000 customers, $1.4bn in loans and credit and $1.6bn in deposits.

Client: Australian Unity Limited

Value: A$1.4bn in loans and credit, A$1.6bn in deposits

Date: November 2024

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