P&N seeks scale and savings 20 September 2023 5:54AM Latest news Ian Rogers Staff costs climbed by 11 per cent at P&N Bank last year, adding to the bank’s quest for scale. read more
P&N sweetens upfront commissions, slashes trail paid to brokers 05 September 2023 6:07AM Latest news George Lekakis Perth-based customer owned bank P&N has sweetened upfront payments to mortgage brokers and reined in trail commissions under a revamped remuneration model that takes effect this month. read more
Briefs: ANZ's new Australian CIO, NZ enacts Climate-related disclosures law 22 October 2021 7:34AM Latest news ANZ said it appointed Paul White as Divisional Chief Information Officer for the Australia business. read more
Profitable times for P&N 22 September 2021 6:56AM Latest news Graeme Phipps In its first full year since the 2019 merger with Coffs Harbour based BCU, P&N saw assets increase from $6.182 billion to $6.928 billion, with above system growth in both deposits (up 10 per cent.. read more
Mortgage rate hits a new low 26 April 2021 6:19AM Latest news John Kavanagh bcu, a division of P&N Group, has set a new low for mortgage rates, with a one-year offer of 1.67 per cent for owner occupiers. read more
BCU merger eats P&N profit 14 October 2020 6:24AM Latest news Ian Rogers Merger costs eroded much of the profit of P&N Bank following the merger with Bananacoast Credit Union. read more
Spotlight on AMP’s Fraser after P&N director discloses looming conflict 09 July 2020 7:03AM Latest news George Lekakis Police & Nurses Bank board member Julie Elliott says she has disclosed her involvement in a new banking startup to P&N’s chairman and her fellow directors, and will stay in her role at the Per.. read more
All digital on Police beat 29 May 2020 6:18AM Latest news Ian Rogers Police Bank has closed mainland branches and confirmed the redundancy and redeployment of dozens of staff. read more
Gabb to retire as P&N chair 28 May 2020 6:10AM Latest news Bernard Kellerman Paul Gabb, chair of Police & Nurses Limited, has announced his retirement after seven years in the role. read more
Former credit union boss on criminal charges 04 December 2019 4:51PM Finance regulation John Kavanagh The former chief executive of Bananacoast Community Credit Union, Lyndon Kingston, is facing criminal charges for dishonest use of his position, providing false information, making a false document an.. read more
bcu and P&N vote to merge 24 October 2019 5:04PM Authorised deposit-taking institutions Banking Day staff The merger of P&N Bank and bcu has received the all clear from members of both mutual ADIs, with their amalgamation set for early next month. read more
P&N ready for consolidation 17 September 2019 4:17PM Authorised deposit-taking institutions Ian Rogers P&N Bank will realise A$5 million savings from bcu once the two mutual ADIs merger in November. read more
Three mutual mergers on track 08 April 2019 2:29PM M&A Banking Day staff A trio of east coast mutual ADI merger proposals are moving along in line with published timetables, each setting up potentially disruptive combinations by the end of this year.Of the three, Perth's P.. read more
North coast merger misfits bank on P&N 12 March 2019 5:31PM Credit Union Ian Rogers Summerland and Coastline credit unions called off a NSW merger. A second, bigger local bank merger is underway. read more
P&Nbot processes savings 09 October 2018 6:28PM Authorised deposit-taking institutions Ian Rogers Omniflow, locally-sourced AI with a robotics edge is helping Perth-based P&N Bank shine in Australian banking. read more
P&N Bank integrates data to boost growth 12 December 2017 5:48PM Professional services Bernard Kellerman Fast-growing West Australian mutual P&N Bank has shown how smaller banks can catch up to the big players by thoughtful use of relatively low-cost technologies to link customer data across all appl.. read more
Mutuals check growth in 2017 13 September 2017 3:20PM Mutual bank Banking Day staff It's a year of subdued profit for the mutual ADI sector, if the 2017 financial year results of two of its leading names are any guide. read more
P&N: Credit quality worsens in WA 27 June 2017 4:03PM Authorised deposit-taking institutions George Lekakis P&N Bank chief executive Andrew Hadley revealed that the mutual's full year accounts are likely to show delinquency rates on home lending breached one per cent in the financial year that ends this.. read more
Briefs: New board member for P&N, ASIC bans broker 22 December 2016 5:03PM Briefs Banking Day staff Former Bank of Sydney CEO Julie Elliott is to join the board of P& N Bank. read more
Yield lags growth for P&N 19 September 2016 4:08PM Australian-owned Bank Banking Day staff P&N Bank in Western Australia may be growing fast. Profits are harder to earn. read more