Latest Banking News

Bendigo and Adelaide Bank has announced new long-term partnerships with Infosys and Genpact to enhance technology and operational efficiency, alongside a 7.6% increase in cash earnings for the third quarter of 2026.

Bank of Queensland (ASX: BOQ) has announced a strategic capital partnership with Challenger Limited (ASX: CGF), involving a $3.7 billion whole-of-loan sale and a forward flow arrangement for equipment finance assets. The deal aims to optimise BOQ’s funding base, support SME equipment finance growth, and enable capital returns to shareholders.

BNK Banking Corporation announces the planned departure of CEO Allan Savins, with CFO Steve Kinsella stepping in as interim CEO from April 2026. The leadership transition marks a pivotal moment for the bank amid its ongoing growth and turnaround.

Australia and New Zealand Banking Group Limited (ANZ) has announced a quarterly distribution of AUD 1.4438 per security on its capital notes, payable in June 2026, with a 70% franking component and tax considerations for investors.

Westpac Banking Corporation has announced a fully franked distribution of AUD 1.3609 per Westpac Capital Note 7, reflecting a 5.3991% annualised rate for the quarter ending June 22, 2026.

Bendigo and Adelaide Bank has updated its interim dividend details, confirming a fully franked 30-cent payout per share and outlining its Dividend Reinvestment Plan with a 1.5% discount.

Commonwealth Bank of Australia has updated its 2026 interim dividend details, confirming a fully franked payout of AUD 2.35 per share and setting the Dividend Reinvestment Plan price at AUD 174.47 with no discount.

Commonwealth Bank of Australia announces a fully franked quarterly distribution of AUD 1.2657 per security for its PERLS XII capital notes, payable mid-June 2026.

Bank of Queensland Limited announces a fully franked quarterly distribution of AUD 1.3218 per Capital Note 3 security, payable mid-June 2026. The distribution reflects a 5.3% annualised rate tied to the 3-month BBSW plus margin.

Commonwealth Bank of Australia has updated its interim dividend details, confirming a fully franked payout of AUD 2.35 per share with multi-currency payment options and a Dividend Reinvestment Plan participation of 13.5%.

Kina Securities Limited reported a 20% increase in statutory net profit after tax to PGK 120.7 million for 2025, driven by strong revenue growth and loan book expansion. The bank declared a higher final dividend and anticipates continued earnings growth in 2026 amid favourable economic conditions and tax cuts.

Clydesdale Bank, trading as Virgin Money, will transfer its banking business to Nationwide Building Society following High Court approval, marking a key step in their integration.