Teachers Mutual Bank joins global banking network

Teachers Mutual Bank Limited has today announced it has joined the Global Alliance for Banking on Values (GABV), an international network of 39 member banks dedicated to working collaboratively to expand and develop sustainable, values-based banking practices around the world.

This membership strengthens Teachers Mutual Bank Limited’s commitment to sustainability, as demonstrated by measuring community investment goals against the London Benchmarking Group standards. 

This new  membership also builds on Teachers Mutual Bank Limited’s international status as a values-based mutual bank, having already been named one of the World’s Most Ethical Companies by the Ethisphere Institute.

‘Doing business ethically and sustainably are core values that drive our model of mutual banking. Joining the GABV reflects our desire to promote these values globally and to work collaboratively with other international financial institutions towards shared sustainability goals’, said Steve James, Chief Executive Officer of Teachers Mutual Bank Limited.

Teachers Mutual Bank Limited is the second Australian bank to be granted membership of the GABV, the first being Bank Australia. The two banks will work together to promote values-based banking practices in Australia.  

‘We’re looking forward to being a strong contributor and leader in the GABV network. We are keen to share the successes of our community and sustainability investments with our global partners, and to learn from their initiatives’, said Steve James.

The GABV membership collectively serves more than 24 million customers, and represents up to $110 billion USD of combined assets in the values-based banking industry across Asia, Africa, Australia, Latin America, North America, and Europe.

Steve James, CEO of Teachers Mutual Bank Limited will be attending the Annual Meeting of the GABV, in Kathmandu, Nepal in March 2017.

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For further information or to schedule an interview, please contact:

Sebastien Wrangles
PR & Corporate Affairs Officer
+61 2 9735 9425 / +61 4 67 800 414
[email protected] 

About Teachers Mutual Bank

For over fifty years Teachers Mutual Bank has provided key financial services to Australian educators. Now, Teachers Mutual Bank Limited is one of Australia’s largest mutual banks, comprising three brands:  the original Teachers Mutual Bank, UniBank, and Firefighters Mutual Bank.  With over 186,000 members and more than $6 billion in assets, Teachers Mutual Bank Ltd is one of Australia’s largest mutual banks. Teachers Mutual Bank continues to be passionate about assisting members secure their financial futures through superior member support and banking products.

Teachers Mutual Bank Ltd is a market leader in member advocacy in the Australian banking sector, and is also committed to strong standards of corporate responsibility through community investment and ethical business as one of the World’s Most Ethical Companies*.

For more information about Teachers Mutual Bank please visit: www.tmbank.com.au
For more information about UniBank please visit: www.unibank.com.au/
For more information about Firefighters Mutual Bank please visit: www.fmbank.com.au  
*‘World’s Most Ethical Companies’ Award, from Ethisphere Institute. (Awarded, 2016, 2015, 2014)