Business
Bendigo Bank sees profits slide as virus increases bad debts – NEWS.com.au
Bendigo Bank’s profits slide as virus increases bad debts
The onset of the coronavirus pandemic has caused a financial rupture for Bendigo and Adelaide Bank, with the regional incumbent reporting its profits have nearly halved. Bendigo Bank posted a net profit of $192.8 million for the 12 months ending June 30, a 48.8 per cent decline compared with financial year 2019.
The impact has prompted the regional banking group to defer its final dividend. Its cash earnings after tax for the 2020 financial year were down 27.4 per cent to $301.7 million
Bendig…
-
Noosa News23 hours agoFrench women charged with smuggling $29m of meth into Australia
-
General21 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News21 hours agoE-bikes shouldn’t be banned. The illegal ones are already illegal
-
General17 hours agoChina was the big disruptor in our region. Now the US is determined to take that title