This is the story about a bank that has the latest in integrating Social Virtue Signalling into their publicity campaign. And there's a number of groupings they oppose & declare they will not lend to.
Primarily its about creating noise, colour & movement in the still space of promoting a bank. Right now banks have a serious reputational problem ad fair to say we probably trust used car salesmen & politicians more...or the same. In recent years more people are waking up and considering shifting to credit unions and for some its an easy jump. For those with small businesses with over drafts or borrowings its not so easy.
So what did "Bank Australia" do? Well this is a screenshot of the video so it won't play but you can seek it out with the help of Google.
Has the bank had a history of lending to exporting companies?
No.
Is the bank a recognised lender to primary producers & feed lotters that are involved in the supply chain of Live Export?
No.
It's a plain and simple Promotional Stunt to try and bleed off some of the angry customers of the big banks into their own ranks. And that's fair, that's business but you'd think that maybe, just maybe a bank you entrust with your money can be trusted to actually do some fact based research into Live Export.
They haven't. They've gone straight to the misled heart strings and plucked away hoping no one will notice that what they've done is based on deception & deceit. And for younger metro based bank customers it probably will work, especially those who are too sloppy & lazy for the facts and wish to just get amongst the noble tribe of ethical people...(despite the real facts).
So what else have they heralded as wrong?
Not known as industrial lenders to the Petroleum Industry, you can get a car loan there and buy yourself either a Prius or F350 Monster Truck no worries at all. Bit odd. Claim to avoid the customers you haven't got nor ever can get on ethical grounds then dodge it for a car loan.
Weapons? Why are weapons so bad? I don't think this bank lends to the Australian Government to bankroll military spending, never has, never will. More defective ethical virtue signalling. As nearly all gun crime is committed by criminals with illegal firearms bought on the black market or stolen just wondering which banks bank roll that illegal activity?
I'm assuming as a result there will be no armed guards involved in any part of Bank Australia's operation at all, ever. It would be ethical hypocrisy otherwise. If they do employ an armed security firm with armoured cars etc, its 100% logic they will not be customers of the bank...on ethical grounds. Is your money still "clean" Bank Australia?
Tobacco? How's that work? Have you ever had cause to lend money to the tobacco industry?
It's a legal and regulated industry. Why refuse to do business with legal lawful businesses, how is this discrimination that actually is more about elevating your brand whilst smearing another even allowed? I expect that one day marijuana will be legalised, I expect Bank Australia WILL lend to it but not Tobacco or if not Bank Australia will come out very shortly & say that they will not lend to any Marijuana Growers if & when it's legalised. Waiting...
Gambling? Who lends to gambling anyway? Who gets a loan approved to go to the casino?
No bank.
Its a legal industry so if ethics are the only grounds then Bank Australia will no doubt lend to anyone wanting to shut casinos with advertising campaigns. Anyone who has any sort of interest in the racing industry or supports any sort of wagering platform.
Waiting...
What they do invest in...
Individual Customers - Ahhh so does every bank
Housing for people with disabilities - which bank bans that practice?
Affordable Housing - Well good but it has to be financially sustainable because you're selling a product, loans and to stay competitive your loan requirements and returns won't be far off your competitors
Renewable Energy Projects - Which bank refuses to do this?
Not For Profit Organisations - Not-For-Profit status via incorporation allows a group of people with a shared purpose to, as a group, be recognised as a "legal entity" who can own, buy, sell, borrow just like a person can. Every bank lends to for profit & not for profit entities IF the business case is sound.
But still ths bank marches on with a misleading public relations campaign that unfairly demonises LEGAL, LAWFUL, LAW ABIDING BUSINESSES in order to rake I a few more accounts.
Its every grubby & unbecoming of an institution we call a bank and in every way makes them as worthy of mistrust like many other banks.
And sadly when questioned, there is no answer or explanation that makes sense. Just a tactical reply that keeps this bank steady on its course of Intellectual Bankruptcy.
Yes, there is irony here, one very real Un-Australian Bank is named Bank Australia.
Boycott them, I will & I will promote boycotting them because they need only facts to know Australia is the World's Best Practice in Live Export, that there are only Statistical Outliers in porr treatment. If Australia bans Live export Qatar has already said it will not take our chilled and they will import Live from Somalia & Sudan (no ESCAS AT ALL) and/or South America meaning an extra 5 weeks at sea...with NO ESCAS at all. In fact consider the ethical conundrum, by removing Australia as a Live Export supplier a greater Animal Welfare threat will be created and you remove the biggest ethical/humane participant in the worldwide trade.
Ethics? Where?
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