- CANSTAR assesses institutions on agri-offering across both product value and additional services
- ANZ’s strong product platform and extensive network in regional Australia shows commitment to farmers
- Leading education and insights
Agriculture is a vital part of the Australian economy, but it’s also a niche area requiring specialised banking services and products.
Each year CANSTAR researches the agribusiness offerings available from Australian financial institutions. This consists of a review of the finance and deposit products that are available and assessment of those institutional factors that can drive success, including the availability of relationship managers, the range of more specialised products and services, online banking functionality and information and education services offered to customers. In 2016 CANSTAR is pleased to announce that ANZ has been awarded Bank of the Year – Agribusiness.
“ANZ offers a complete and competitive range of products for agribusinesses. They really are differentiated from the other major banks by the completeness of what they can offer agribusinesses including. This includes seasonal repayments on business loans, equipment finance, insurance, treasury specialists and farm management deposits.
“ANZ also has an extensive network of people across regional Australia, to connect businesses with knowledge and advice wherever they are.”
The educational resources and detailed agribusiness analysis provided by ANZ also received praise from CANSTAR.
“ANZ offers really impressive education, insights and research to agribusiness customers,” said Mr Watson.
“It’s vital for business success to have timely access to tools and insights; agribusiness is a cyclical and diverse industry that faces quite unique challenges and opportunities; ANZ is to be commended for both the breadth and depth of services it offers.”
Responding to the Award, Christine Linden, General Manager of Regional Business Banking at ANZ said they were pleased to be recognised as CANSTAR’s 2016 Agribusiness Bank of the Year.
“This is a significant achievement and is testament to the local relationships our people have with customers and the work they do to make valuable economic and social contributions to the regional communities they work and live in.”
To view the findings visit CANSTAR
For further information, comments and analysis:
Finance Editor & Commentator
Ph. (07) 3837 4151
CANSTAR provides Australia’s interactive online research service in consumer and business finance. Founded in 1992, CANSTAR Pty Limited is Australia’s researcher of retail finance information for over 250 institutions such as Banks, Building Societies, Credit Unions, Finance Companies, Brokers, Mortgage Originators, Life Companies and finance related Internet Portals. CANSTAR customers use the extensive database for competitor analysis as well as a means of disseminating their product range. CANSTAR also distributes this information to print and electronic media for publication and to Agents, Accountants, Brokers and Internet Portals for use in advising their clients.
What are the CANSTAR star ratings?
CANSTAR researches, compares and rates the suite of banking and insurance products listed below. Results are freely available to consumers who use the star ratings as a guide to product excellence. The use of similar star ratings logos also builds consumer recognition of quality products across all categories. Please access the CANSTAR website at www.canstar.com.au if you would like to view the latest star ratings reports of interest.
|Account based pensions||Managed investments|
|Business banking||Online banking|
|Business life insurance||Online share trading|
|Car insurance||Package banking|
|Credit cards||Personal loans|
|Deposit accounts||Reward programs|
|Direct life insurance||Superannuation|
|First home buyer||Term deposits|
|Health insurance||Travel insurance|
|Home & Contents||Travel money card|
|Home loans||Youth banking|
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