“We're really excited by the ME bank acquisition,” Mr Frazis said. BoQ had conducted “extensive due diligence” before acquiring the business, he said, and the bank would now incorporate lessons from its previous acquisition of Virgin Money to find cost savings and turn it into a growth engine.
Who bought ME Bank?
the BOQ Group
Who is ME Bank owned by?
Type Subsidiary
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Key people Adam Crane (CEO) Jim Evans (Chairman)
Total assets A$27.300 billion
Number of employees 1800
Parent Bank of Queensland
Is ME Bank a member of Equity bank?
Members Equity Bank obtained an Australian banking licence in July 2001, and was approved to act as an authorised deposit-taking institution, authorised to accept deposits from the public. In 2009, Members Equity Bank was re-branded to "ME Bank", and in 2015, 'ME Bank' was shortened to 'ME'.
What is the best bank to go with in Australia?
- Westpac.
- National Australian Bank (NAB)
- Macquarie Group.
- Bendigo and Adelaide Bank.
- Suncorp Bank.
- Bank of Queensland.
- ING Bank (Australia) Limited.
- HSBC Bank Australia.
Is my money safe in ME Bank?
Your savings with ME are protected by a deposit guarantee from the Australian Government. This is further supported by ME's strong financial position, corporate governance frameworks and our Bank of Queensland Group (BOQ) backing.
Is ME Bank Australian owned?
ME Bank, also known as ME, is an Australian direct bankdirect bankA direct bank (sometimes called a branch-less bank or virtual bank) is a bank without any branch network that offers its services remotely via online banking and telephone banking or through an independent banking agent network and may also provide access via ATMs (often through interbank network alliances), mail and https://en.wikipedia.org › wiki › Direct_bankDirect bank - Wikipedia based in Melbourne. Initially founded to offer access to home loan products, ME Bank today offers a range of low-cost banking products including home loans, savings accounts, credit cards, term deposits, and transaction accounts.
Is ME Bank owned by ANZ?
Type Subsidiary
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Parent Bank of Queensland
Website www.mebank.com.au