Original article by Sarah Thompson, Anthony Macdonald
The Australian Financial Review – Page: 1 & 16 : 27-Jun-22

Suncorp Group may abandon its ‘bancassurance’ model and pursue a sale or demerger of its banking division. Suncorp has engaged the services of investment bank Barrenjoey Capital Partners to consider options for its banking arm, which would allow the listed group to focus on its insurance division. Analysts have suggested that the recent downturn in Australian bank stocks could make selling Suncorp Bank more attractive than listing it on the sharemarket. Suncorp’s own share have fallen by one per cent over the last year, while the S&P/ASX 200 has shed 10 per cent.

CORPORATES
SUNCORP GROUP LIMITED – ASX SUN, SUNCORP BANK, BARRENJOEY CAPITAL PARTNERS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX