Damien Walsh Managing Director
With the New Year just around the corner, I would like to thank you for sharing this year’s journey and wish you well in 2017.
2016 has been an exciting year for the bank. We returned $33.2 million to our customers in better rates and fees, delivered a net profit of $22.6 million, grew to more than $4 billion in assets, and won the CANSTAR Customer Owned Bank of the Year award.
The Bank Australia Impact Fund funded 13 customer projects via our inaugural Small Investments Round. These projects include supporting young mothers seeking employment in Mildura, and placing teachers on scientific expeditions to study biodiversity first hand.
Also, on our Conservation Reserve, our new partnership with Greening Australia and Trust for Nature will allow us manage the land with a focus on science and best practice in conservation.
In 2017, we will celebrate Bank Australia’s 60th anniversary and our long history of creating mutual prosperity for our customers, in terms of economic, personal, environmental, social and cultural outcomes.
We will also focus on setting the bank up for the future: continuing to strengthen our technological capability, build our assets and further develop our people.
Thank you for your support of Bank Australia over the past year. Because we are a customer owned bank, our customers are central to our success and our ability to create mutual prosperity – for you, our communities and the planet we all live on.
I look forward to continuing our journey in the year ahead.