Suncorp's banking contributed $307 million before tax for the half year to December 2007, up 6.2 percent from $289 million in the half year to December 2006.
The banking division has $69 billion in assets, making Suncorp Australia's sixth largest bank.
There are 237 retail and business banking outlets spread mainly through Queensland, New South Wales and Victoria. The banking operations are divided between retail consumer banking and business banking, which caters predominantly for small to medium sized businesses.
More than 340,000 customers use the internet for their everyday banking needs such as paying bills, checking balances and transferring funds. Online enhancements include retail deposits, home, personal and small business loans and business banking, integrated margin lending, share trading and online cash management.
Retail Banking
Retail Banking provides home and personal loans, savings and transaction accounts, margin lending, credit cards and foreign currency services to over 800,000 customers through 177 retail outlets, ATMs, 24-hour call centres and on-line banking.
Business Banking
Business Banking focuses on the needs of small to medium sized businesses and more than 76,000 customers. The division has lending assets of more than $23.7 billion and seven major areas of operation:
- Commercial Banking - Providing financial solutions for owner-managed small to medium sized enterprises with borrowing requirements of more than $1 million.
- Corporate Banking - Managing relationships with the Bank’s largest (non-property) business, and corporate customers, including provision of working capital and term finance for clients with a total borrowing requirement of more than $25 million.
- Agribusiness - Providing financial solutions and serviced relationship management for rural producers and associated businesses in rural and regional areas.
- Property Finance - Providing term finance for property investors and project finance to professional property developers for a wide range of real estate developments.
- Equipment Finance - A suite of leasing and rental products are offered to customers to meet their vehicle and equipment financing requirements.
- International Trade Finance – Offering facilities designed to assist importers, exporters and domestic traders in their business activities, including working capital funding, importation of capital equipment, risk management strategies and export marketing tools.
