News Centre

Socially responsible banking at Teachers Mutual Bank Limited.

7.1% of our profits were spent on Community investment in FY2019-2020

15 October 2020

Our total cash invested in the community in FY2019-2020 was $1,822,155, which is 7.1% of net profits after tax (NPAT). This is measured as the total amount of direct monetary contributions paid directly to community organisations or in direct support of community activities. 

By comparison, the Big Four banks invest 0.4% – 0.6%, which means that our direct community investment, as a percentage of NPAT, is 12-18 times greater. 1% is considered best practice.

Read more

View our news archive