Bendigo and Adelaide Bank (BEN.xasx)

Bendigo and Adelaide Bank (BEN.xasx)

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Bendigo and Adelaide Bank (BEN.xasx) Profile

Bendigo and Adelaide Bank (BEN.xasx) is an Australian financial institution operating in retail banking headquartered in Bendigo. After the Bendigo and Adelaide Bank merger, the bank now has over 400 branches in over 500 locations across Australia, more than 100 mobile lenders and over 1.9M customers. Bendigo and Adelaide's branches are based primarily in Victoria and Queensland, with major offices in Adelaide, South Australia and regional offices in Docklands, Melbourne and Ipswich, Queensland. The Bendigo and Adelaide Bank’s network of brands such as the RURAL Bank, Community Bank, Up, Leveraged, Delphi Bank, Alliance Bank and more provide a wide range of products and services, including personal and business banking, unsecured loans and commercial mortgages, financial planning, insurance and superannuation, and investment products. The company employs 7,000 people, with a $4.81B (AUD) market cap as of November 2021. Bendigo and Adelaide Bank stock (BEN.xasx) is listed on the Australian Securities Exchange Ltd (ASX) with more than 110,000 shareholders and has a $472.2M (AUD) in 2020 yearly revenue. Under a greater transformation strategy, the bank has flagged that it will open up its home loans to the broker channel and signalled the roll-outs of other new digital propositions and new product and pricing engine within the next two years.

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