Strong growth creates more opportunities for Tasmania

Strong growth creates more opportunities for Tasmania

Bank of us has reported a strong FY26 result at its Annual General Meeting on 3 November 2026, with CEO Paul Ranson highlighting how the bank’s growth is strengthening its ability to invest in Tasmania and support its customers.

During the meeting, Chair Helen Galloway presented the minutes of the previous AGM, along with the Financial Statements and Reports for the year ended 30 June 2026.

Paul Ranson reflected on the year’s achievements, including record lending growth, the bank’s work with the MyHome program and its ongoing commitment to helping Tasmanians build greater housing security and financial wellbeing.

You can read more about the bank’s performance and achievements in our Year in review

Board updates

There were also some changes to the Board.

Mark Nugent retired as a Director after 14 years of service. We thank Mark for his significant contribution to Bank of us and wish him all the best.

We welcomed Michael Dontschuk as a newly elected Director. Mike brings extensive experience across corporate and government treasury, risk, audit and investment governance. Read Mike's bio

Directors Robert King and Danny McCarthy, who retired by rotation, stood for re-election and were duly re-elected.

Members also passed a resolution approving Director remuneration.

Looking ahead

Paul Ranson said the bank’s strength as a customer-owned organisation means its success benefits Tasmania, rather than external shareholders.

"When we succeed, the value stays in Tasmania."

He said the bank’s ambition is to maintain its presence across Tasmania and use that strength to continue to support for customers, local businesses and the wider community.

Thank you to everyone who attended the AGM and continues to be part of Bank of us.