Canstar has revealed the 2018 Bank of the Year – Agribusiness Award after rating nine providers from across Australia.
After rating products available to agribusiness customers, including business loans, business credit cards and business deposit accounts, Canstar has announced the winner of the Bank of the Year – Agribusiness Award. Canstar’s Business Banking Star Ratings are designed to help consumers create a shortlist of products that offer outstanding value to Australian consumers by comparing both the price and features of each product and comparing like for like products available in the market.
The Bank of the Year – Agribusiness Award is awarded to the institution that provides a strong combination of products across business banking star ratings profiles, as well as excelling in a range of institutional factors as listed below. The award aims to provide recognition to the institution that backs up quality products with great service to agribusiness customers.
In deciding the winner, the following factors were considered:
The following table displays a snapshot of business transaction account products on Canstar’s database. The display is sorted by Star rating (highest to lowest) and listed by provider name (alphabetically) for full service transaction types. Results based on high transactor.
The institutional factors considered include:
The Bank of the Year – Agribusiness Award is awarded to the institution that receives the highest score across the board.
For more information about the specifics of the methodology and how ratings were determined, view the ratings methodology.
Following Canstar Research’s rigorous ratings process, the Bank of the Year – Agribusiness has been awarded to ANZ for the third year in a row. Canstar Research noted ANZ’s retention of the award was based on the strength of the product offering and institutional services with strong relationship manager and branch representation throughout the country. It provided an impressive availability of benchmarking in all states, specific to a number of industries and presented a strong farm management deposit (FMD) at call. It also continued support for the industry including through sponsorship for awards such as Cotton Grower of the Year, scholarships and the Seeds of Renewal grants program.
We have provided a snapshot of ANZ’s agribusiness loans which accommodate for $250,000 loans, in NSW, that are secured by commercial property and farm. You can use this comparison tool for yourself to compare all providers on our database, here.
ANZ’s history dates back about 180 years to 1835, first starting out in London and Sydney as the Bank of Australasia. Now one of the Big Four banks in Australia, ANZ is the largest banking group in the Pacific and New Zealand region.
ANZ is ranked among the top 50 banks in the world and provides banking and financial products to over 9 million customers in 30 countries.
As well as agribusiness, ANZ offers a whole host of products and services to customers, including credit cards, home loans, insurance, superannuation and much more. ANZ has won many awards with Canstar, including the 2017 , 2016, 2013, 2011 and 2010 awards for Bank of the Year – Agribusiness.
ANZ also funds many causes to benefit the regional Australian community through three types of community grants.
ANZ aims to become a super-regional bank, and one of its key business strategies is a focus on agribusiness.
The search results do not include all providers and may not compare all features relevant to you. In some cases, the methodology uses profiles comprising categories or bands eg. income, loan amounts, monthly spend. In other cases, a single methodology (without any categories or bands) is applied. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a business loan, you will deal directly with a financial institution, and not with Canstar. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes and additional information.
*The product's Advertised Interest Rate is a reference rate only and can be subject to change. Rates may not be inclusive of customer margins or applicable service fees. Please refer to product provider. These products are not available for personal, domestic or household purposes.
This advice is general and has not taken into account your objectives, financial situation, or needs. It is not personal advice. Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. You may need financial advice from a suitably qualified adviser. For more information, read Canstar’s Financial Services and Credit Guide (FSCG) and our detailed disclosure. Canstar may receive a fee for referring you to a product provider – for further information, see how we get paid. Payment of fees for ads does not influence our Star Ratings or Awards.
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Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product or loan. If you decide to apply for a credit product or loan, you will deal directly with a credit provider, and not with Canstar. Rates and product information should be confirmed with the relevant credit provider. For more information, read the credit provider’s key facts sheet and other applicable loan documentation for that product. Read the Comparison Rate Warning.
Any advice provided on this website is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the Product Disclosure Statement and Target Market Determination before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917. You must not reproduce, transmit, disseminate, sell, or publish information on this website without prior written permission from Canstar.