Nominations for the position of Director from eligible Members are closed.
Members are requested to note the announcement made in February 2024 regarding Qudos Bank entering a Memorandum of Understanding with Bank Australia to explore a potential merger opportunity.
In addition, and in anticipation of the Merger, the Directors intend to recommend and propose to Members at the 2024 Annual General Meeting the introduction of a board limit to reduce the number of Directors on the Board from seven to five. The Qudos Bank Board considers five directors to be the optimal number of Directors given the above circumstances and based on the size and nature of its current business. Reducing the number of directors to five will also enable the Bank to limit its expenses and promote more efficient decision-making.
Qudos Bank is required under its Constitution to conduct a Director Election for vacant member-elected positions. If the resolution to reduce the number of directors is approved, then the number of vacancies to be filled in the Director Election will be reduced accordingly.
Brendan Wright shares an update on the proposed merger with Bank Australia and our refreshed brand.
Read more
Our new logo, updated colour scheme and design has been rolled out across our digital channels.
Read more
There are important updates on how you bank with us if you use phone banking or cheques.
Read more
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
