Adelaide Bank (ADB)

Shares / Stock Code

ADB

Stock Exchange / Sharemarket

Australian Securities Exchange

Adelaide Bank Ltd (ADB) is an Australian-based company engaged in providing business and retail banking as well as all kinds of electronic banking services, lending and insurance services. ADB was listed on the Australian Stock Exchange on the 28th of May, 1992. Its average annual revenue reaches approximately AUD$1.5 million. Its headquarters is located in Adelaide, Australia. Adelaide Bank Ltd operates mainly in four business units: Business Lending, Wealth Management, Wholesale Mortgages and Retail Banking.

The main operation of Adelaide Bank Ltd is classified into four categories: general banking services, day-to-day money, business products, farming services, loans, investments and insurances.

ADB's general services are comprised of online banking, ATMs, security advices and phone banking. Its financial services are comprised of Concession Xpress, Cash Management, Deposit Services, Loan Reducer, account services, savings, pensions, credit cards as well as student services. For Adelaide Bank Ltd business products, it offers services that include cash management, merchant services, overdrafts, check accounts, trust accounts, business term loans, vehicle and equipment finance, direct credit facility, term loans, construction and property.

The farming services of ADB consist of rural power and farm management deposits that include the flexible agribusiness finance. Its loan services consist of discount rates, building loans, homebuyer power, go between loans, personal loans, margin lending as well as the homebuyer service program while its investment services, spearheaded by the Adelaide Managed Funds provides funds and investment services mainly through an investment account. The services offered by this unit are mainly for high-income investors capable of investing a large amount of money. The insurance services of Adelaide Bank Ltd include insurance products for cars, travel and landlords .

Adelaide Bank Company History

It was in 1902 when Adelaide Bank Ltd was founded as the Cooperative Building Society of South Australia. In 1992, after the amalgamations with the Hindmarsh Adelaide Building Societies and REI, ADB was listed however; it was only in 1994 when the company changed its name to Adelaide Bank Ltd (ADB) along with the commencement of its full banking operations that include corporate and retail banking, financial planning and funds management. The Leveraged Equities was acquired by ADB in December 1999 the expansion of its lending operations followed. In 2000, the company shed its retirement village operations.

In April 2005, a margin lending business in Australia, JB Were's was acquired by Adelaide Bank Ltd for an amount of AUD$61 million from Goldman Sachs. In June 2006, a management structure and independent board was set up by ADB for the Adelaide Managed Funds subsidiary. The company appointed Mr. Steve Crane as the Chairman of AMF and Chief General Manager for Financial Markets and Mr. Anthony Baum as the CEO. An announcement to list the AMF Asset Backed Yield Trust on the ASX as an investment product was also made. Through this listing, ADB announced its plan to raise funds amounting to $300 million from the two installments. In July 2006, an announcement for retirement as the Chief Executive Officer and Group Managing Director was made by Mr. Barry Fitzpatrick. He appointed Mr. Jamie McPhee to be the Group Managing Director.

Adelaide Bank (ADB) Products and Services

  • Savings accounts
  • Home loans
  • Investment loans
  • Commercial loans
  • Personal loans
  • Small business loans
  • Margin lending
  • Trust Funds
  • Insurance

Adelaide Bank (ADB) Competitors

  • Australia and New Zealand Banking Group
  • BankWest
  • BT Financial Group
  • CFS Gandel Retail Trust
  • Insurance Australia Group Limited
  • National Australia Bank Group Limited
  • New South Wales Treasury Corporation
  • St. George Bank Limited

Adelaide Bank (ADB) Locations and Subsidiaries

Adelaide Bank Head Office
Level 5 169 Pirie St
Adelaide SA 5000
Phone: (08) 8300 6000
Fax: (08) 8300 6720

Adelaide Bank (Regional Office)
Level 8 350 Collins St
Melbourne 3000

Adelaide Bank Limited (Regional Office)
143 Coronation
Dr Milton 4064

Adelaide Bank Limited
55 Gawler Place
Adelaide 5000

Adelaide Bank Limited
169 Pirie St
Adelaide 5000

Adelaide Bank Limited
180 The Parade
Norwood 5067

Adelaide Bank Limited
10 Commercial St
West Mount Gambier 5290
Ph: (08) 8725 8822 Fax: (08) 8725 8200

Adelaide Bank Limited
Shop 12 Colonnades
Shopping Centre Colonnades 5168

Adelaide Bank Limited
151 Murray St
Gawler 5118

Adelaide Bank Limited
Tapleys Hill Rd/Valetta Rd
Fulham Gardens 5024

Adelaide Bank Limited
Shop 4 53 Gawler St
Mount Barker 5251

Adelaide Bank Limited
188 Unley Rd Unley 5061

Adelaide Bank Limited
Target Shopping Centre Gorge Rd
Newton 5074

Adelaide Bank Limited
970 North East Rd
Modbury 5092

Adelaide Bank Limited
Shop 1038 Westfield Shoppingtown
Marion 5043

Adelaide Bank Limited
120 Jetty Rd Glenelg 5045

Adelaide Bank Limited
63 John St
Salisbury 5108

Adelaide Bank Limited
Castle Plaza Shop 52
990-1002 South Rd
Edwardstown 5039

Adelaide Bank Limited
Shop 68-69 Burnside Village
Shopping Centre Glenside 5066

Adelaide Bank Limited
52 Ocean St
Victor Harbor 5211

Adelaide Bank Limited
111 Murray St
Tanunda 5352

Adelaide Bank Limited
Shop 3 The Port Canal
Shopping Ctr Port Adelaide 5015

Adelaide Bank Limited
197 Main South Rd
Morphett Vale 5162

Adelaide Bank Limited
West Lakes Shopping
Centre Level 1 West Lakes 5021

Adelaide Bank Limited
Torrensville Plaza
159 Henley Beach Rd
Torrensville 5031

Adelaide Bank Limited
252 Main Rd
Blackwood 5051

Adelaide Bank Limited
Shop 36 Payneham Shop Mall
Lower Portrush Rd
Marden 5070

Adelaide Bank Limited
Golden Grove Village Shop Ctr
Cnr Golden Way & Grove Way Golden Grove 5125

Adelaide Bank Limited
118 Bank Crt Elizabeth City
Centre Elizabeth 5112

Adelaide Bank Limited (Regional Office)
Level 31 QVI Bldg 250 St
Georges Tce Perth 6000

Adelaide Bnak Subsidiaries>

Lutre Pty Ltd
Co-operative Financial Services Pty Ltd
Leveraged Equities Limited
Hindmarsh Adelaide Property Trust
ACN 010 846 152 Pty Ltd
REI Finance Pty Ltd
AB Investment Services Pty Ltd
ABL Securities Pty Ltd
Leveq Nominees Pty Ltd
Hindmarsh Financial Services Limited
Leveraged Equities Nominees Pty Ltd
ABL Custodian Services Pty Ltd
ABL Advisory Services Pty Ltd
Adelaide Managed Funds Ltd
ABL Staff Superannuation Fund Pty Ltd
Co-operative Member Services Pty Ltd
AB Management Pty Ltd
Adelaide Investment Services Holdings Ltd

Other Adelaide Bank Details

Adelaide Bnak Limited Year Established: 1900
ACN: 061 461 550
D-U-N-S: 756126348
ABN: 54061461550

Adelaide Bank (ADB) Share Price

Submitted by Share Trading on 22 June, 2008 - 22:26

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