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Suncorp-Metway Ltd

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Market:
ASX
Market Cap:
$16.99 billion
Price
13.47 AUD
Change
0.30%
52 weeks high
14.60
52 weeks low
12.48

In brief

Suncorp-Metway Ltd. is engaged in the business of banking, insurance, investment and superannuation and focuses on retail customers and small to medium businesses. The Company’s banking division provides a range of banking services including loans, savings and investment accounts, credit cards, foreign currency services for retail and small- to medium-business customers. It includes general insurance group, which offers a range of covers across Personal, Commercial, Workers Compensation and CTP insurance. Wealth Management covers life, super and managed investments. It also includes the funds management activities of the Company. Suncorp Metway Investment Management Limited (SMIML) is a wholly owned subsidiary of Suncorp-Metway Ltd. It is responsible for wholesale investment management of the Suncorp Group. On April 15, 2008, the Company acquired Prophet Financial Advice Pty Ltd. On March 20, 2007, it acquired Promina Group Limited.