A new bank is launching, dedicated to meeting the needs of Australia's nurses and midwives.
The Health Professionals Bank is a part of Teachers Mutual Bank Limited, meaning Teachers Mutual Bank Limited now comprises four banks - Teachers Mutual Bank, UniBank, Firefighters Mutual Bank and now Health Professionals Bank.
The launch of the bank coincides with the release of a new annual nursing workforce report which shows one in four Australian primary health care nurses believe they are under-utilised and could be doing more to maximise their skillset.
The report also found nearly half of respondents had asked their employer if they could undertake more complex clinical activities, but less than half of those individuals were permitted to do so. Australian Primary Health Care Nurses Association and Health Professionals Bank surveyed 2052 nurses.
Health Professionals Bank general manager Carolyn Murphy said these responses indicate a greater value needs to be placed on the work nurses do and that nurses need more recognition in their workplaces.
Murphy said: "As the nation's most trusted profession, with one of the highest levels of personal fulfilment, nurses deserve to have these values reflected in the professional services they use. Which is why it's about time they had their own bank dedicated to their needs."