Bendigo and Adelaide Bank

This week our digital bank Up hit the massive milestone of one million customers! 💥 Bendigo Bank CEO Richard Fennell said Up's mission to 'make money easy' is closely aligned with our purpose of feeding into prosperity. "Congratulations to the entire team at Up for reaching this major milestone,” Mr Fennell said. Read more about the achievement here: https://lnkd.in/gem_mP_r

A tumultuous week for global markets and geopolitics as the US election has come to a head, but a very predictable outcome from the RBA in their November policy meeting. Our Chief Economist, David Robertson shares his latest forecasts and views, as 2025 approaches fast. #BendigoAndAdelaideBank #EconomicUpdate

We have expanded our collaboration with Commonwealth Bank to provide increased protection from scams and fraud to our more than 2.5 million customers. The advanced security tool, NameCheck, is now being used to screen all direct entry payments made by Bendigo Bank and Up customers to new accounts. Using the insights from available payment data, NameCheck will give an indication of whether the details provided appear legitimate. We’re proud to be Australia’s most trusted bank and this partnership is just one example of how we are working collaboratively with other industry participants to keep our customers safe. #BendigoBank #BetterBigBank

Encouraging progress on the inflation front locally, and more rate cuts as expected overseas, but the Reserve Bank remains firmly on hold. Our latest thoughts and forecasts for the last quarter of the year with Chief Economist, David Robertson.

Congratulations to our Talent Acquisition Team who were recently announced as the joint winner for Excellence in Diversity, Equity and Inclusion at the 2024 Internal Talent Awards (ITAs) in Melbourne. The award was accepted by our Employee Branding Specialist, Belinda Leon CPHR . Belinda said of the award, "working in a place where you are supported and encouraged to be your authentic self matters immensely, and I am so grateful for the amazing culture and team that we work with at the bank that makes me feel confident in genuinely promoting us as an inclusive workplace." ❤️ #BendigoBank #BetterBigBank

Congratulations to our Talent Acquisition Team who were recently announced as the joint winner for Excellence in Diversity, Equity and Inclusion at the 2024 Internal Talent Awards (ITAs) in Melbourne. The award was accepted by our Employee Branding Specialist, Belinda Leon CPHR . Belinda said of the award, "working in a place where you are supported and encouraged to be your authentic self matters immensely, and I am so grateful for the amazing culture and team that we work with at the bank that makes me feel confident in genuinely promoting us as an inclusive workplace." ❤️ #BendigoBank #BetterBigBank

We’ve been named Australia’s most trusted bank for the the tenth straight quarter by Roy Morgan. 🙌🏼 This achievement reflects our commitment to being bigger and better for our more than 2.5 million customers and is a testament to the hard work and dedication of our entire team. 👏🏼 #BendigoBank #BetterBigBank #BiggerForYou #MostTrustedBank

Another weak report for economic growth in Australia, but still not enough progress on inflation to allow the RBA to cut interest rates just yet. Our latest thoughts and forecasts in the first week of spring with Chief Economist, David Robertson.

Today we say farewell and thank you to Marnie Baker, our CEO and Managing Director. Marnie’s contribution to Bendigo Bank over the past 35 years has been remarkable. From her early days as a Mortgage Secretary at Sandhurst Trustees, through to the merger with Bendigo Building Society, to today. Throughout her career Marnie has never lost sight of what makes us different - our connection to our customers, our communities and deep care for each other. As the first female CEO of Bendigo and Adelaide Bank, she has been a trailblazer in the banking and finance industry, inspiring and creating a pathway for so many people. Her strong leadership has set us up for the next phase of growth in our strategy and that’s exciting! On behalf of our Bank, we wish Marnie all the very best for the future.

We have today reported cash earnings for the half of $562 million and statutory net profit after tax of $545 million. The Group’s statutory net profit after tax was up 9.7%. Marnie Baker, CEO and Managing Director, said: “These full year results demonstrate the strength, capability and differentiation of our Bank. We remain as focused as ever on delivering sustainable growth over the long term, sequencing our investments in our key growth areas to leverage the strong pipeline of demand for our products and continue to improve shareholder returns.” Read the full report here 👇🏽 https://lnkd.in/gdYzCP4J #BendigoAndAdelaideBank