Who owns Bank of Sydney? — Bank of Sydney is ultimately owned by Bank of Beirut s.a.l.. Below is an up-to-date, SEO-friendly summary of ownership, regulation and deposit protection based on the bank’s official disclosures and recent reports.
Ownership overview
- Ultimate parent: Bank of Beirut s.a.l. (Lebanon) is identified in Bank of Sydney’s financial statements as the ultimate parent of the consolidated group.
- Historical note: The current group structure stems from Bank of Beirut’s acquisition of the former Laiki/Beirut Hellenic operations in Australia and the subsequent rebranding to Bank of Sydney.
Regulatory status
- Bank of Sydney is an Australian Authorised Deposit-taking Institution (ADI), regulated under Australian prudential and conduct frameworks.
- The bank states compliance with key domestic regulators and reporting requirements to support customer confidence (for example ASIC and AUSTRAC oversight applies to relevant activities).
Deposit protection
- Australian depositors are covered by the Government’s deposit protection arrangement (the Financial Claims Scheme) for eligible deposits up to AU$250,000 per account-holder, subject to the Scheme’s rules and eligibility conditions.
- Customers should refer to the bank’s Product Disclosure Statements and official notices for the precise scope and any exclusions of cover.
About Bank of Beirut (ultimate parent)
Bank of Beirut is a Lebanon-headquartered commercial bank with international subsidiaries. The Group’s public filings and the Bank of Sydney annual report describe Bank of Beirut as the ultimate parent company of the consolidated group that includes Bank of Sydney.
Summary
Bank of Beirut from Lebanon is the ultimate parent of Bank of Sydney. Bank of Sydney operates in Australia as an ADI, states compliance with applicable regulatory and prudential requirements, and deposits held by eligible Australian depositors benefit from the Government’s deposit protection up to AU$250,000 under the Financial Claims Scheme. For transactional and legal details, always consult Bank of Sydney’s official disclosures and the bank’s most recent financial statements.
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