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.