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APRA grants new authorised deposit-taking institution licence to Alex Bank

Wednesday 21 December 2022

The Australian Prudential Regulation Authority (APRA) has granted Alex Bank Pty Limited a licence to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.

Alex Bank Limited was previously licensed by APRA in July 2021 as a Restricted ADI.

More information on the Restricted ADI licence framework can be found at: APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework.

An updated list of all APRA-authorised ADIs can be found on the APRA website at: Register of authorised deposit-taking institutions and an updated list of all ADIs covered under the Financial Claims Scheme (FCS) can be found here ADIs covered under the FCS.

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.