In a year where many financial institutions saw marked reductions in profit, Defence Bank is pleased to announce a strong financial result for the year with Net Profit after Tax (NPAT) of $10.04m – an increase of 2.5%.
The Commonwealth Government has released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. This includes some temporary changes to our Defence Bank Super, Defence Bank Pension and our Defence Bank Super Assured Retirement Savings account (RSA).
David Marshall, CEO, wants all of our members to know that Defence Bank is here for them during this difficult and uncertain time. If you have been impacted by coronavirus, please contact us at [email protected]
As part of an industry wide response to the Coronavirus, effective 7 April Defence Bank will be temporarily increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need to touch payment terminals when you are out shopping at retailers like Woolworths or Coles.