–Bendigo Bank lifts cash profit up 4.2%

August 14, 2017

Bendigo and Adelaide Bank’s full-year cash earnings has risen 4.2 per cent to $418.3 million, despite banking regulator APRA’s recent lending caps restricting strong growth.

The regional lender has lifted its statutory net profit for the 12 months to June 30 to $429.6 million, up 3.4 per cent on the $415.6 million for the 2016 financial year.

Bendigo Bank retained a final fully franked dividend at 34 cents per share, bringing its full-year payout to 68 cents. – #1 News in a FLASH

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