Bendigo & Adelaide Bank


Regional lender, Bendigo & Adelaide Bank (BEN) posted a slightly below consensus 4.2% rise in annual cash profit to $418.3m. The result was boosted by above industry average lending growth and a recent lift in some mortgage rates. Its bottom line was held back by APRA’s lending caps which were... Show More


Rural lender, Bendigo & Adelaide Bank (BEN), posted a largely expected 1.6% lift in cash earnings - a measure of bank profitability which strips out one-off costs - to $439.3 million for the year to 30 June 2016 For more Reporting Season coverage, please visit Show More

Christopher Joye

AFR: On Wednesday the Australian Prudential Regulation Authority (APRA) announced "two important changes" to the accreditation process by which "standardised" banks, which include all Australian banks except the four majors and Macquarie, can become "advanced" or "internal ratings-based" (IRB) banks in a major competitive win for the likes of Bank... Show More