Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
We hold money in liquid investments to ensure we have access to a sufficient amount of money to meet our customers’ needs, as well as the requirements of our regulator, the Australian Prudential Regulation Authority.
These investments include bonds from other banks, Governments and other organisations.
We invest in green and sustainable bonds wherever we can.
40% of our green and sustainable bond investments allocated to rail projects
15% of our green and sustainable bond investments allocated to wind farms
We work hard to ensure these investments are consistent with our values wherever we can, and we are an investor in green, social and sustainability bonds in Australia. Each year in our Impact Report, we disclose what share of our liquidity portfolio is in green, social and sustainability bonds as well as the types of projects these investments finance, like light rail and transport, wind and solar farms, and low carbon buildings.
Scroll down to find out how impact finance has contributed towards accelerating a clean energy future for Australia.