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Suncorp - Banking, Insurance, Home Loans, Credit Cards, Investing, Superannuation, Business Banking, Margin Lending

The Suncorp Group is one of Australia's leaders in banking, insurance, investment and superannuation. The Group focuses on retail consumers and small to medium business. 
 
The Group can demonstrate the following record of growth and consolidation:  
 
Suncorp-Metway Ltd is one of Australia's top 25 companies and is Queensland's biggest corporation with a market value of around $11 billion.  
The Suncorp Group is Australia's 6th largest bank and 4th biggest general insurance group.  
The Group's acquisition of GIO and AMP's general insurance business increased the customer base and diversified the business mix with growth in personal and commercial insurance and workers compensation.  
The Group also has a 50% share in RACQ Insurance Limited and RAA Insurance Limited, with the major motor clubs, RACQ (Qld) and RAA (SA), and acquired RACT Insurance (100%) in Tasmania in 2004.  
In Queensland, the Suncorp Group is market leader in Compulsory Third Party insurance (52%), a major force in motor insurance (29%) and home and contents insurance (30%) and number 2 in Agribusiness lending.  
Australia-wide, Suncorp's insurance market share is 21% home, 21% motor, 19% workers' compensation and 21% commercial.  
 
Customers have access to 173 Suncorp retail outlets, including branches and agencies and 56 business banking outlets, predominantly in Queensland. There are also 34 GIO agencies in NSW and Victoria. 
 
Suncorp's banking contributed $255 million before tax for the half year to December 2005, up 16.4 percent from $219 million in December 2004. 
 
The banking division has $44 billion in assets, making Suncorp Australia's sixth largest bank. 
 
There are 229 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 245,000 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 173 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 77,000 customers. The division has total assets of more than $16 billion and five major areas of operation:  
 
Commercial Banking - Provides working capital and term finance for business clients with turnovers of $400,000 to $70 million. Commercial Banking is predominantly in Queensland and continues to expand into NSW and Victoria.  
Corporate Banking - Provides project and structured finance for Corporate Clients with turnovers of $10 million to $100 million in a range of industries including food and beverage, construction, wineries and tourism.  
Agribusiness - Provides financial services for rural producers and associated businesses.  
Property Finance - (included development finance and property investment). Provides project finance for real estate developments and term finance for investment properties. Some 70 percent of development finance business is in residential housing developments.  
Equipment Finance - Provides leases to business customers, mainly for vehicles and equipment, but now includes rental and chattel mortgage.  







Banking Brisbane Queensland: