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Media Releases

SA consumers and business confidence softens amidst caution around spending and employment

21 November 2023

Confidence among South Australian consumers and businesses has decreased, driven by increased caution about spending and employment.

 

South Australian consumers less positive but businesses getting on with the job

15 August 2023

Confidence among South Australian consumers decreased for the third consecutive survey and its lowest level since February 2020 with concerns about the economy and their own finances top of mind.

 

South Australians more cautious about spending outlook

28 March 2023

Confidence among South Australian consumers and businesses has decreased in the past four months, largely driven by caution about the climate for spending over the coming year.

SA business and consumer confidence remains above long-term average despite signs of softening  

Tuesday, 1 November 2022

Confidence among South Australian consumers and businesses remains above the long-term average despite decreasing over the past four months.

Consumers remain more confident than businesses in South Australia’s regions

Tuesday, 26 July 2022

Consumers confidence remains solid in South Australia’s regional areas despite a decrease in business confidence, according to the latest BankSA State Monitor.

South Australian business and consumer confidence feels effect of Omicron but remains solid

Friday, 25 February 2022

The latest business and consumer confidence results for South Australia show that confidence has moderated in February off the back of the Omicron wave in South Australia but remains solid.

Second half improvement for state’s primary producers according to BankSA Rural Price Index

Thursday, 16 December 2021

South Australia’s primary producers and horticulturalists have enjoyed a boost in the second half of the year on the back of improved prices, better growing conditions, and a lower Australian dollar.

South Australians intend to spend more this Christmas

Saturday, 11 December 2021

More South Australian households are intending to spend more in the lead-up to Christmas this year, with levels returning to those seen before COVID-19.

‘Tis the season to Celebrate SA and support local this Christmas

Thursday, 11 November 2021

South Australians are being urged to ‘shop local’ this Christmas when buying gifts, planning the Christmas day feast or heading to a restaurant or winery during the festive season.

Most South Australians want flexible work to stay

Friday, 5 November 2021

Nearly three quarters of South Australians want work flexibility into the future, according to research from BankSA’s latest Trends economic report.

$80,000 to eight charities in celebration of 80 years

Friday, 29 October 2021

Eight local charities will each receive a grant of $10,000 in celebration of BankSA Foundation’s 80th year of supporting communities across South Australia and the Northern Territory.

South Australian business confidence strong but moderates amidst ongoing COVID-19 uncertainty

Friday, 29 October 2021

Business confidence in South Australia has moderated in October off the back of uncertainty over the ongoing impact of COVID-19 but remains high, according to the latest BankSA State Monitor survey.

The Show must go on - BankSA encourages South Aussies to create their own Show day and back SA

Friday, 3 September 2021

While the Royal Adelaide Show won’t go on this year, Presenting Partner, BankSA, says there are many ways that families can still experience all the fun and continue to back SA businesses.

Better banking services for Barossa Valley

Monday, 23 August 2021

Banking services in Tanunda in have been bolstered with BankSA and Westpac enhancing their presence, increasing opening hours and investing into a newly created co-located site.

Better banking services for Murray Bridge

Monday, 23 August 2021

Banking services in Murray Bridge have been bolstered with BankSA and Westpac enhancing their presence and investing into a newly created co-located site.

SA business confidence at record high heading into lockdown showing strong underlying momentum

Friday, 30 July 2021

Business confidence in South Australia reached its highest level ever recorded by the BankSA State Monitor survey heading into the state’s recent lockdown, as industries project a positive outlook beyond the COVID pandemic.

Westpac and BankSA welcome SA Government support package and reaffirm support for South Australians

Thursday, 22 July 2021

Westpac Group, including BankSA, has welcomed the financial relief package announced by the State Government and reaffirmed its own support for South Australian businesses and individuals impacted by the current seven-day lockdown.

Bigger backyards, safer suburbs and proximity to supermarkets – what home buyers want now

Thursday, 22 April 2021

South Australian consumers and businesses are feeling more confident and poised to invest in property as the economy recovers following the impact of COVID-19, according to BankSA research.

State increasingly confident as South Australians back themselves and get on with business

Friday, 26 February 2021

South Australians are feeling increasingly confident in the state’s economic recovery and are looking ahead with optimism, according to the latest BankSA State Monitor survey.

Increased confidence provides foundation for resilience during COVID-19 recovery

Saturday, 28 November 2020

South Australian confidence is showing its strongest signs of recovery since COVID-19 began, according to the latest BankSA State Monitor survey.

South Australians to spend less this Christmas but more intend to buy local

Tuesday 24 November 2020

More South Australians will cut back on their Christmas spending in 2020 amidst cost of living and general financial concerns, according to BankSA’s annual Christmas Spending Intentions research.

BankSA continues to grow support for South Australians through year of challenges

Monday 2 November 2020

BankSA has continued its support of South Australians in a year marked by bushfires and COVID-19, with growth in consumer lending and deposits for the year ended 30 September 2020.

BankSA to help first homebuyers get into their own home sooner

Friday 31 July 2020

South Australian first homebuyers could be closer to realising their home ownership dream with a new initiative from BankSA to reduce time and cost of entry to the property market.

Consumer confidence rebounds however many businesses fear for survival in the wake of COVID-19

Saturday 25 July 2020

Consumer confidence in South Australia has rebounded while businesses are struggling to recover from the impacts of COVID-19, according to the latest BankSA State Monitor.

Global meat price rise to offset lower world grain price and impact of COVID-19 on farmers

Tuesday, 2 June 2020

A rise in global meat prices is helping South Australian farmers as they contend with a relatively low world grain price and the impacts of COVID-19, according to the latest BankSA Rural Price Index.

South Australian consumers proud of the state’s handling of the COVID-19 crisis

Saturday, 9 May 2020

South Australian consumers have responded positively to the state’s handling of the coronavirus pandemic, with 84 per cent proud of South Australia, compared to 63 per cent in February’s State Monitor, according to BankSA.

BankSA passes on full 0.25% rate cut to customers

Tuesday, 3 March 2020

BankSA has today announced it will decrease variable home loan rates by 0.25% per annum (p.a.).

South Australians start new decade with a turnaround in confidence and state pride

Friday, 28 February 2020

Confidence amongst both businesses and consumers has increased providing a solid start to 2020, according to the latest BankSA State Monitor released today.

BankSA covers mortgage repayments, provides interest free and discounted loans to local bushfire affected consumers and businesses

Monday, 13 January 2020

BankSA has today announced additional support for customers and communities impacted by ongoing bushfires in South Australia.

BankSA to access $1.5 million Bushfire Fund for local fire affected regions

Wednesday, 8 January 2020

BankSA will access a $1.5 million Bushfire Fund, announced by the Westpac Group, to provide immediate assistance to bushfire affected communities in South Australia.

BankSA provides disaster relief package for customers affected by fires in South Australia

Tuesday, 24 December 2019

BankSA today announced a relief package to assist customers suffering hardship as a result of fires across South Australia.

BankSA continues to back growth and investment

Monday, 4 November 2019

BankSA has continued to support economic activity in South Australia, with solid growth in business lending a key highlight for the year ending 30 September 2019.

South Australia follows national trend as consumer confidence falls to record low

Saturday, 26 October 2019

Consumer confidence in South Australia has followed a downward national trend and fallen to a record low, according to the latest BankSA State Monitor released today.

BankSA decreases variable home loan rates

Wednesday, 2 October 2019

BankSA has today announced it will decrease variable home loan interest rates by .15% per annum (p.a).

Businesses must upskill workers or be left behind in high tech future: Trends report

Wednesday, 25 September 2019

South Australian businesses must increase the level of technology-based skills training they provide employees or risk being left behind in the economy of the future, according to BankSA’s latest Trends economic bulletin.

Winter crops to grow as wheat price growth slows

Tuesday, 6 August 2019

South Australia’s winter crops will see significant growth in 2019/20, with wheat, barley and canola production all expected to increase, according to the latest BankSA Rural Price Index.

South Australian businesses to invest in growth and new jobs despite small dip in confidence

Friday, 2 August 2019

South Australian businesses plan to push forward and invest in new plant, equipment and jobs over the next year despite a slight drop in overall confidence, according to the latest BankSA State Monitor released today.

BankSA Chief Executive to take on expanded role

Monday, 29 July 2019

Westpac Group today announced that BankSA Chief Executive, Mr Nick Reade, will take on a broader role within the Westpac Group.

BankSA cuts variable home loan interest rates

Tuesday, 2 July 2019

BankSA has today announced a range of mortgage rate decreases for variable home loan customers, including a reduction of .20% per annum (p.a) for owner occupier customers and a reduction of .30% p.a. for investor customers with interest only repayments.

BankSA reduces interest rates for home loan customers

Wednesday, 5 June 2019

BankSA today announced interest rate cuts for home owners and property investors.

Focus on supporting state’s economic growth underpins solid half year result for BankSA

Monday, 6 May 2019

BankSA has announced a $114 million net profit after tax for the six months to 31 March 2019.

Business sentiment holds near eight-year high but purse strings tighten as consumer confidence falls

Thursday, 14 March 2019

Business confidence in South Australia remains strong, holding at a near eight-year high level, according to the latest BankSA State Monitor released today.

BankSA Foundation announces $158,278 in community grants and launches new round of charity funding

Friday, 18 January 2019

BankSA Foundation has today announced funding grants totalling $158,278, which will help five charitable organisations in South Australia continue their exceptional community work.

More jobs as business confidence consolidates at eight-year high

Saturday, 10 November 2018

Confidence among South Australian businesses has held firm at an eight-year high and is leading to new jobs, according to the latest BankSA State Monitor released today.

BankSA delivers solid growth across home and business lending

Mondaly, 5 November 2018

BankSA today announced a net profit after tax of $229 million for the year ended 30 September 2018.

BankSA customers can now do home loan application from the palm of their hand

Thursday, 27 September 2018

An innovative new online service that enables customers to submit a home loan application via their smartphone or tablet, with real-time feedback, has been launched by BankSA.

BankSA increases variable home loan rates

Wednesday, 29 August 2018

BankSA today announced it will increase its variable interest rates for owner occupied and residential investment property loans, reflecting a sustained increase in wholesale funding costs.

BankSA Foundation announces funding grants of up to $50,000 each

Monday, 20 August 2018

BankSA Foundation has opened its latest funding round to support small charitable organisations to make a big impact in the community.

BankSA commits to supporting SA farmers with access to drought assistance

Friday, 10 August 2018

BankSA will extend its support to drought-affected South Australian farmers and agribusiness customers through access to a range of drought assistance initiatives.

Virtual reality helps BankSA become South Australia’s first dementia-friendly bank

Wednesday, 30 May 2018

BankSA is the first bank in South Australia to be officially recognised as dementia-friendly, to help more people living with dementia remain financially independent for as long as possible.

BankSA Foundation launches its biggest ever grant to celebrate BankSA’s 170th anniversary

Wednesday, 9 May 2018

BankSA Foundation has today launched its biggest ever single grant and is calling for applications from charitable organisations in need.

We’re raising funds for women in crisis across South Australia

Wednesday, 9 May 2018

Last year, 20,771 South Australians were assisted with homeless services, and more than 60% of these were women.

BankSA helps more South Australians buy homes and start businesses with solid half year result

Monday, 07 May 2018

BankSA has announced a $114 million net profit after tax for the six months to 31 March 2018, up 7 per cent on the previous corresponding period.

Crop production falls in South Australia

Wednesday, 18 April 2018

Less favourable weather conditions in South Australia have contributed to a significant fall in statewide crop production in 2017-18, according to the latest BankSA Rural Price Index.

BankSA provides disaster relief package for customers affected by Cyclone Marcus in Darwin

Monday, 19 March 2018

BankSA today announced a relief package to assist customers suffering hardship as a result of Cyclone Marcus in Darwin.

Confidence improves however South Australians remain cautious

Wednesday, 28 February 2018

Confidence levels have increased amongst South Australian consumers and businesses however they still remain cautious, according to the latest BankSA State Monitor released today.

BankSA Foundation opens funding round with grants of up to $50,000 each

Monday, 15 January 2018

BankSA Foundation is calling on small organisations dedicated to making a big impact in the community to apply for funding grants of up to $50,000 each, with applications now open.

BankSA Foundation donates over quarter of a million dollars to South Australian community organisations

Tuesday, 12 December 2017

Three new funding grants announced by BankSA Foundation today have pushed its total donations to South Australian community organisations this year to more than $250,000.

Record low in consumer confidence as business confidence rebounds

Saturday, 25 November 2017

Consumer confidence in South Australia has dropped to a record low, while business confidence has rebounded, according to the latest BankSA State Monitor released today.

Groundswell for South Australia to become a world-class centre for advanced manufacturing

Tuesday, 21 November 2017

South Australians want their state to become a world-class centre for advanced manufacturing, according to a new BankSA study.

BankSA delivers solid end of year result

Monday, 6 November 2017

BankSA today announced a solid result with a net profit after tax of $200 million for the year ended 30 September 2017.

BankSA abolishes ATM withdrawal fees

Sunday, 24 September 2017

BankSA today announced that non-BankSA customers will no longer be charged an ATM withdrawal fee when they use one of BankSA’s ATMs.

BankSA Foundation opens funding round with grants of up to $50,000 each

Wednesday, 16 August 2017

BankSA Foundation is calling on small organisations dedicated to making a big impact in the community to apply for funding grants of up to $50,000 each, with applications now open.

Business confidence plummets following State Budget

Wednesday, 02 August 2017

Deteriorating business conditions, coupled with the South Australian Government’s controversial State Budget, have triggered an alarming increase in pessimism for the future, and a significant drop in business confidence amongst South Australians, according to the latest BankSA State Monitor released today.

BankSA Foundation announces major grant funding

Tuesday, 18 July 2017

BankSA Foundation has today announced major funding grants worth $108,000 to help four deserving charitable organisations in South Australia continue their outstanding work.

Media Statement on South Australian bank levy announced 22 June 2017

Thursday, 22 June 2017

Today's announcement in SA is not only bad public and economic policy, it is not in the interests of South Australians. This distortionary policy could influence decisions banks make about investments in SA.

BankSA announces changes to interest rates

Wednesday, 21 June 2017

BankSA today announced an 8 basis points reduction in variable interest rates for new and existing customers paying principal and interest on their owner occupier home loans. This will take the standard variable rate for owner occupiers to 5.21% p.a.

Horticulture boom on the back of wine grapes

Tuesday, 13 June 2017

The immediate future of a popular hospital visitation program for South Australian kids with cancer and their families has been secured, thanks to a generous funding grant from BankSA Foundation.

Hospital visitation program for kids with cancer receives crucial funding lifeline

Wednesday, 20 April 2017

The immediate future of a popular hospital visitation program for South Australian kids with cancer and their families has been secured, thanks to a generous funding grant from BankSA Foundation.

BankSA Foundation opens funding round with grants of up to $50,000 each

Tuesday, 28 March 2017

BankSA Foundation is calling on small organisations dedicated to making a big impact in the community to apply for funding grants of up to $50,000 each, with applications now open.

BankSA announces changes to variable interest rates

Friday, 24 March 2017

BankSA today announced changes to interest rates across a range of variable lending products for home owners and investors.

Collapse in state pride leads consumer confidence to lowest level in 20 years

Thursday, 16 March 2017

Pride in South Australia has plunged to its lowest level in 20 years, driving confidence amongst South Australian consumers to a worrying low, according to the latest BankSA State Monitor.

Top tips for Fringe fun on a budget

Friday, 10 February 2017

Fringe time is arguably the best time of year to be in Adelaide, but the multitude of activities and events can be a drain on household budgets.

South Australians embrace Adelaide as the nation’s first Gig City

Friday, 20 January 2017

South Australians are behind Adelaide’s push to establish ultra-fast internet in local innovation precincts and become Australia’s first Gig City, according to a new BankSA study.

BankSA Foundation opens funding round with grants of up to $50,000 each

Tuesday, 10 January 2017

BankSA Foundation is calling on small organisations dedicated to making a big impact in the community to apply for funding grants of up to $50,000 each, with applications now open.

Increased rainfall a mixed blessing for SA farmers

Tuesday, 13 December 2016

Relatively high rainfall across South Australia in the past year has proven to be a mixed blessing for the State’s farmers, according to the latest BankSA Rural Price Index.

Sector reinvents itself and gives professionals more reason to stay in SA

Wednesday, 30 November 2016

A turnaround in South Australia’s professional services sector has seen the creation of more jobs and greater opportunity, BankSA’s Trends economic bulletin has revealed.

More South Australians plan to increase spend this Christmas

Tuesday, 22 November 2016

More South Australians will increase their Christmas budget this year, despite an overall increase in financial pressure, BankSA’s latest consumer research has found.

$80,000 in grants to benefit South Australian kids

Tuesday, 15 November 2016

Three unsung South Australian organisations with a passion for helping local children grow and develop have been chosen by BankSA Foundation to share in $80,000 of funding.

BankSA transformation delivers strong result in a challenging market

Monday, 7 November 2016

BankSA today announced an 8% increase in net profit after tax to $199 million for the year ended 30 September 2016.

Call to action as business confidence rises but consumers show caution

Tuesday, 1 November 2016

Business confidence in South Australia is at its highest level in three years, the latest BankSA State Monitor survey has found.

BankSA provides disaster relief package for customers affected by storms in South Australia

Friday, 30 September 2016

BankSA today announced a relief package to assist customers suffering hardship as a result of the severe storms across South Australia.

Much needed left in consumer and business confidence leads to increased spending

Friday, 5 August 2016

Confidence in South Australia has grown leading to increased spending among consumers and businesses, the latest BankSA State Monitor survey has shown.

BankSA reduces interest rates and boosts deposit rates

Tuesday, 2 August 2016

BankSA today announced a reduction in interest rates across a range of variable lending products for home owners and small businesses, while increasing a range of term deposit rates for savings customers.

Parental leave recognition for home loan applicants

Friday , 18 June 2016

BankSA has announced an 8% increase in net profit after tax for the six months to
31 March 2016, compared to the same period last year.

BankSA delivers strong half year result on back of growth strategy

Monday, 2 May 2016

BankSA has announced an 8% increase in net profit after tax for the six months to
31 March 2016, compared to the same period last year.

BankSA cuts business and home loan interest rate

Tuesday, 3 May 2016

BankSA today announced a reduction of 25 basis points in its standard variable home loan rate for owner occupiers to 5.42% per annum (comparison rate 5.59% per annum*). The standard variable rate for investment loans will also decrease by 25 basis points to 5.67% per annum (comparison rate 5.83% per annum*).

Lock in for a low rate

Friday, 11 March 2016

Homeowners have regularly grappled with whether to go with a fixed or variable rate home loan as they try to save money and pay off their home loan as quickly as possible.

Business and consumer confidence converges to near all-time lows as business waits for consumer confidence to improve 

Wednesday, 3 March 2016

Business confidence in South Australia has dropped despite consumer confidence remaining steady, according to the latest BankSA State Monitor survey.

Port Adelaide banks on BankSA

Friday, 29 January 2016

BankSA and Port Adelaide Football Club have today announced a three-year premier partnership, which will see BankSA become the club’s official banker.

BankSA delivers faster call centre support with ‘Connect’

Friday, 8 January 2016

An enhancement to BankSA’s mobile banking app is expected to reduce customers’ call centre wait times by 25 per cent.

Dollar driven recovery in South Australian rural sector 

Tuesday, 8 December 2015

Overall prices for farm products have begun to rise for the first time in four years, according to the latest BankSA Rural Price Index.

Premium food could underpin South Australia’s economic future

Tuesday, 8 December 2015

South Australia’s food and agriculture industry could become the largest employer in the State, with the demand for premium food both internationally and domestically set to increase enormously over the coming decade.

BankSA provides disaster relief package for customers affected by bushfires in South Australia

Thursday, 26 November 2015

BankSA today announced a relief package to assist customers suffering hardship as a result of the bushfires in South Australia.

Better aligning branch network and services to customers 

Wednesday, 11 November 2015

BankSA today said that with more than 95 per cent of all BankSA transactions now taking place outside of branches, and only five per cent of customers banking over the counter, it was making changes to its branch network.

BankSA increases variable home loan rates

Friday, 23 October 2015

BankSA today announced an increase to the standard variable interest rates for all owner occupier and residential investment property home loans.

BankSA gives customers flexibility to set ATM withdrawal limits

Monday, 14 September 2015

BankSA customers can now set their own ATM withdrawal limits straight from their mobile banking app or via internet banking, removing the need to visit a branch or telephone a banker.

Agricultural innovators win BankSA’s search for the next big thing in business

Tuesday, 11 August 2015

Two fledgling agricultural companies have beaten a hot field of emerging local businesses to win BankSA’s 2015 Jump Start Your Start Up competition.

BankSA offers $100,000 in bushfire recovery grants to Adelaide Hills communities

Friday, 7 August 2015

BankSA has announced today it will commit up to $100,000 in grants to provide financial assistance to Adelaide Hills communities still recovering from the January 2015 Sampson Flat bushfires.

FEAST banks on a new partner

Wednesday, 22 July 2015

Recognising the importance of diversity in the arts and across the wider community, BankSA has been announced the principal partner of South Australia’s largest and internationally-renowned queer arts event, FEAST.

State of defence: Trends reports South Australians should be alert, but not alarmed

Friday, 29 May 2015

South Australia’s defence manufacturing industry, and the debate surrounding the State’s level of involvement in the nation’s Future Submarines program, is the focus of BankSA’s latest economic bulletin, Trends.

Is South Australia moving from a ‘mining boom’ to a ‘dining boom’?

Friday, 29 May 2015

In a result that has outpaced the national rate of increase, the latest BankSA Rural Price Index shows that South Australia’s exports of unprocessed foods have more than doubled, from $1.1 billion in 2009-10 to $2.4 billion in 2013-14.

BankSA’s search for the next big thing in business

Friday, 8 May 2015

In its hunt for the next big thing in business, BankSA is offering local entrepreneurs the chance to win a $10,000 cash injection to help turn their business idea into reality.

BankSA puts banking on your wrist

Friday, 24 April 2015

BankSA today announced that its customers will be among the first in the world to use mobile banking at the touch of the wrist, through Apple’s ground breaking Apple Watch.

High tech swing to be one of this year’s hottest Fringe experiences

Friday, 13 February 2015

In a first for Adelaide, and only the second time in Australia, the BankSA Waterfall Swing is shaping up to be the hottest attraction at this year’s Adelaide Fringe.

South Australia’s small business sector can drive economic prosperity

Thursday, 12 February 2015

For South Australia to grow, we need innovation and innovation comes from small business, says BankSA Chief Executive Nick Reade.

New director appointed on BankSA Advisory Board

Thursday, 15 January 2015

BankSA today announced the appointment of Rear Admiral the Honourable Kevin Scarce AC CSC RAN (Rtd) to the BankSA Advisory Board, effective immediately.

Australians are much more savvy when it comes to spending and saving this Christmas

Wednesday, 7 January 2015

BankSA extends support to Adelaide Hills’ communities affected by bushfires.

BankSA provides disaster relief package for customers affected by bushfires in South Australia

Monday, 5 January 2015

BankSA today announced a relief package to assist customers suffering hardship as a result of the bushfires in South Australia.

SA business and consumer confidence remains above long-term average despite signs of softening  

Tuesday, 1 November 2022

Confidence among South Australian consumers and businesses remains above the long-term average despite decreasing over the past four months.

Consumers remain more confident than businesses in South Australia’s regions

Tuesday, 26 July 2022

Consumers confidence remains solid in South Australia’s regional areas despite a decrease in business confidence, according to the latest BankSA State Monitor.

South Australian business and consumer confidence feels effect of Omicron but remains solid

Friday, 25 February 2022

The latest business and consumer confidence results for South Australia show that confidence has moderated in February off the back of the Omicron wave in South Australia but remains solid.

SA business and consumer confidence remains above long-term average despite signs of softening  

Tuesday, 1 November 2022

Confidence among South Australian consumers and businesses remains above the long-term average despite decreasing over the past four months.

Consumers remain more confident than businesses in South Australia’s regions

Tuesday, 26 July 2022

Consumers confidence remains solid in South Australia’s regional areas despite a decrease in business confidence, according to the latest BankSA State Monitor.

South Australian business and consumer confidence feels effect of Omicron but remains solid

Friday, 25 February 2022

The latest business and consumer confidence results for South Australia show that confidence has moderated in February off the back of the Omicron wave in South Australia but remains solid.