Bendigo and Adelaide Bank board takes six month pay cut – NEWS.com.au

The board of Australias fifth-largest retail bank is taking a pay cut, saying it is sharing the burden of a difficult year, but more customers who deferred their loans due to the impacts of the COVID-19 pandemic are getting back on their feet.Ahead of Bendigo and Adelaide Bank’s annual general meeting on Tuesday, the company released a September quarter trading update, showing more than two-thirds of those customers had resumed payments.
As of mid-October, just shy of 6800 mainly residential and…

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