Bank First is proud to maintain a sustainable investment and lending approach, applying principles that reflect our corporate values. The guiding principles for our approach to investment and lending, source of funds and capital policies are:
- Ethical investment selection - we will not invest in fossil fuels and have no plans to do so.
- Satisfactory investment returns - we are guided by our regulator the Australian Prudential Regulation Authority (APRA).
- Ethical investment choices for financial planning clients – a choice of investment options are available to customers who undertake the financial planning process based on their risk and needs analysis.
Economical and responsible lending - we are committed to customers’ financial wellbeing and employ conservative lending practices to ensure customers are not putting themselves in financial hardship. Practical advice and guidance helps customers select the most affordable loans suited to their personal situation.
Our investments consist of high quality assets. This ensures we meet prudential standards for good investment returns.
We are also committed to providing sustainable options within our product range which includes green options for lending products, such as our Green Car Loan and Green Personal Loan.
Providing loans for commercial purposes is restricted and any such contracts do not involve financing of fossil fuel based industries.
Our customers can be assured that Bank First will always be conservative and responsible in our approach with the investment and lending of funds, and that as part of our commitment to the customer owned banking sector, we follow the Customer Owned Banking Code of Practice.