Bankwest
Sign in to saveAlso known as Bank of Western Australia, Agricultural Bank of Western Australia, Rural and Industries Bank of Western Australia, R&I Bank
Bankwest is an Australian digital bank based in Perth, Western Australia. It was founded as the Agricultural Bank of Western Australia in 1895 by the Government of Western Australia being renamed the Rural and Industries Bank in 1944, and Bankwest in 1994 before being privatised. After a period of being a listed company on the Australian Securities Exchange, it was taken over by the Bank of Scotland, and since 2008 has been a subsidiary of the Commonwealth Bank.
Wikidata facts
- Instance of
- bank
- Country
- Australia
- Headquarters
- Perth
- Owned by
- Commonwealth Bank
- Parent organization
- HBOS plc
- Official website
- www.bankwest.com.au
Show 5 more facts
- inception
- 1894-11-23
- product or material produced
- transactional account
- social media followers
- 20444
- Commons category
- BankWest
- location information URL
- www.bankwest.com.au/find-us
via Wikidata · CC0
~5 min read
Encyclopedic overview
9 sectionsContents
- History
- Agricultural Bank era
- Rural & Industries Bank era
- Bankwest era
- Branch closures
- Sponsorships
- See also
- References
- External links
Bankwest is an Australian digital bank based in Perth, Western Australia. It was founded as the Agricultural Bank of Western Australia in 1895 by the Government of Western Australia being renamed the Rural and Industries Bank in 1944, and Bankwest in 1994 before being privatised. After a period of being a listed company on the Australian Securities Exchange, it was taken over by the Bank of Scotland, and since 2008 has been a subsidiary of the Commonwealth Bank.
Having expanded into the Eastern states in the 1980s, it closed the last of these branches in October 2022. The remaining 60 branches in Western Australia were all closed by the end of 2024 with 15 of them being converted to Commonwealth Bank branches. Bankwest then became an online bank only.
Excerpted from Wikipedia’s “Bankwest” article, available under the CC BY-SA 4.0 licence.