Knowledge

Bendigo and Adelaide Bank

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485:, 1964). Alliance Bank maintains some autonomy, but conducts regulated banking activities through Bendigo and Adelaide Bank. They still market themselves under their original name suffixed with "Alliance Bank" and declare themselves agents of Bendigo and Adelaide Bank. In January 2024 at a AWA Mutual Ltd shareholder meeting to vote on the proposed merger with Beyond Bank Australia Ltd took place on 29 January 2024. The voting process ended with 98% of votes being cast β€œFOR” the merger. Final regulatory and court approvals are set to conclude on 15 February 2024, leading the way for AWA to end the assocaiation with BBL and merge with Beyond Bank Australia. 29: 343: 527: 513: 1781: 216: 196: 176: 38: 541: 450:
to acquire its 100 per cent owned Australian subsidiary, Bank of Cyprus Australia Limited (BOCAL). The purchase was for an estimated total consideration of A$ 130 million. It was renamed Delphi Bank. In 2022 BBL commenced a program to absorb the Delphi Bank branding, converting all customer products
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Community banking is based on a 'profit-with-purpose' model, which means that profits are returned directly to the community that has generated them, after paying branch running costs. The program was a response to the massive closure of bank branches, predominantly in rural areas. Bendigo Bank has
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At seven years old, in 1865, the company restructured, taking the name Bendigo Mutual Permanent Land and Building Society, which incorporated in Victoria 11 years afterwards. It continued to expand its holdings when, in 1978, it merged with Bendigo and Eaglehawk Star, a building society established
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In June 2014, the bank became the first in Australia to adopt an investment policy which shunned fossil fuel investments. "Specifically, the bank does not lend to companies for whom the core activity is the exploration, mining, manufacture or export of thermal coal or coal seam gas."
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1993 saw BBS receive a stockmarket listing. Its growth continued throughout the 90s when it acquired National Mortgage Market Corporation Limited in 1995, a mortgage-manager company focussed on loan introducers and brokers. In that year BBS converted to a bank with the name
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Subsidiaries of Bendigo and Adelaide Bank include Community Bank, Rural Bank, Up, Bendigo Debtor Finance (formerly Oxford Funding), Leveraged Equities, Sandhurst Trustees, Delphi Bank (formerly Bank of Cyprus Australia), and Community Enterprise Foundation. ,
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In 2007 Bendigo Bank rejected Bank of Queensland's merger/takeover proposal, and merged with Adelaide Bank. The A$ 4 billion takeover was completed on 30 November. Subsequently, shareholders voted to change the company's name to
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Further growth involved the acquisition of the building societies Sandhurst, in 1983, and Sunraysia, in 1985, a merger with Sandhurst Trustees Ltd and the acquisition of Capital and Compass building societies..
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In April 2013, Bendigo Bank's subsidiary 'Oxford Funding' was rebranded as Bendigo Debtor Finance, offering independent credit assessments and cash-flow solutions to businesses on a national level.
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since extended the program to major metropolitan areas with existing bank services. Since 1998, Bendigo Community Banks have reinvested more than $ 272 million back into local communities.
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Prior to the merger, Bendigo Bank operated nearly 900 outlets across Australia, including over 160 company-owned branches, 220 community-owned Community Bank branches, 100 agencies, and 400
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In 2002 Bendigo Bank introduced the first "Green Loans" in Australia and formed "Community Sector Banking", a banking joint venture with the not-for-profit sector.
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Bendigo and Adelaide Bank had acquired Wheeler Financial Services which was merged with Bendigo Financial Planning, and also acquired Southern Finance.
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Australia. Bendigo Bank was also the first financial institution to introduce a mortgage offset account, now a standard banking product in Australia.
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The late 1990s saw a further development when Bendigo Bank and Elders Australia formed Elders Rural Bank, a joint venture company focused on
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in Queensland, acquiring a new regional headquarters in Ipswich. That same year saw a A$ 75 million head office expansion in Bendigo.
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On 11 December 2008, Bendigo Bank's new headquarters in Bendigo was completed. The 26th Prime Minister of Australia,
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and aligned with Bendigo and Adelaide Bank to form Alliance Bank. The credit unions were AWA Credit Union/Mutual (
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Bendigo Bank's "Community Bank" program began in 1998β€”the first branches opened in the western Victoria towns of
371: 847: 292:. Post-merger, the combined bank operates more than 400 branches, including 25 that were part of Adelaide Bank. 2490: 2186: 75: 1772: 2370: 1904: 1726: 1122: 937: 2877: 2091: 1757: 474: 2966: 1979: 1716: 1650: 1645: 1597: 791: 2200: 1731: 1321: 865: 569: 482: 2889: 2297: 2234: 1161: 2251: 1984: 1592: 1239: 574: 478: 2823: 2762: 2724: 2501: 2270: 2001: 1750: 1473: 1210: 1178: 1314: 756:"Bendigo Bank and Adelaide Bank name change – Important notification to Bendigo Bank customers" 358:
In 1982 BBS became the first financial institution in Australia to introduce successfully both
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to Bendigo products and closing or re-branding Delphi branches Bendigo Bank branches.
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Three years later, Bendigo Bank built a regional headquarters on Harbour Esplanade in
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On 16 December 2011, Bendigo Bank announced that it had reached agreement with the
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on 26 June and the first metropolitan branch in the outer eastern suburb of
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In 1999 the bank formed an alliance involving mutual shareholding with
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Bendigo Bank Community branch in Braidwood, New South Wales, Australia
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Bendigo Bank executive Marnie Baker, Bendigo Advertiser, 7 June 2014
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The bank received its operating licence in 2000 and absorbed the
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The company started in 1858 as a fixed-term (terminating)
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On 1 March 2015, a group of credit unions diverged from
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Companies listed on the Australian Securities Exchange
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outlets. The bank's branches were mainly located in
611:. Bendigo and Adelaide Bank Limited. September 2022 814:"Bendigo set to retire Delphi as a product brand" 2958: 1636:Australian Competition & Consumer Commission 1631:Australian Securities and Investments Commission 780: 974:"Proposed changes for AWA Mutual Limited (AWA)" 705:Building the Village: A History of Bendigo Bank 1758: 1130: 653:"Bendigo gives a lesson in community banking" 469:, 1969), Circle Credit Co-operative Limited ( 628: 626: 1765: 1751: 1641:Australian Prudential Regulation Authority 1137: 1123: 322: 267:. The company was formed by the merger of 36: 27: 748: 623: 488: 1144: 600: 598: 596: 341: 295:The bank's national headquarters are in 1552:Industrial and Commercial Bank of China 162:Banking, financial and related services 2959: 634:"Bendigo Bank Merger information page" 1746: 1118: 701: 650: 593: 555:List of oldest companies in Australia 902:"Circle Credit Co-operative Limited" 730:"Bendigo Bank rejects takeover plan" 708:. Wakefield Press. pp. 50–51. 473:, 1969), Service One Credit Union ( 13: 702:Mayne, Alan (2008). "Neighbours". 14: 3003: 2992:Mutual savings banks in Australia 1102: 866:"Alliance Bank's 5th Anniversary" 434:Bendigo and Adelaide Bank Limited 412:First Australian Building Society 22:Bendigo and Adelaide Bank Limited 2977:1858 establishments in Australia 2941:Companies which are also in the 1779: 539: 525: 511: 215: 214: 195: 194: 175: 174: 16:Australian financial institution 1072: 1058: 1028: 1014: 994: 980: 966: 948: 938:"Berrima District Credit Union" 930: 912: 894: 876: 858: 848:"Credit Union to Alliance Bank" 840: 831: 820: 682:The Australian Financial Review 372:Banca Monte dei Paschi di Siena 2436:Auckland International Airport 2371:Fisher & Paykel Healthcare 2187:Australian Securities Exchange 806: 722: 695: 670: 651:Ellis, Eric (3 January 2018). 644: 606:"Annual Financial Report 2022" 443:, was present at the opening. 1: 1727:Financial system in Australia 586: 331:to improve conditions in the 42:Bendigo Bank headquarters in 2878:Shopping Centres Australasia 1665:Other Financial Institutions 960:www.alliancebankgroup.com.au 942:Financial Services Directory 906:Financial Services Directory 870:www.alliancebankgroup.com.au 852:www.alliancebankgroup.com.au 7: 2201:Bendigo & Adelaide Bank 1901:Corporate Travel Management 1717:Category:Banks of Australia 1651:Australian Payments Network 1646:Australian Payments Council 1322:Bendigo & Adelaide Bank 956:"NOVA, a new Alliance Bank" 504: 481:, 1963), and in 2018 NOVA ( 10: 3008: 1732:List of banks in Australia 1706:Royal Commission 2017–2019 1036:"Say hello to Delphi Bank" 888:www.awaalliancebank.com.au 570:List of banks in Australia 2982:Banks established in 1858 2939: 2906: 2890:Unibail-Rodamco-Westfield 2794: 2604: 2518: 2418: 2340: 2298:Platinum Asset Management 2235:Insurance Australia Group 2161: 2101: 2022: 1865: 1801: 1712: 1700: 1664: 1621: 1585: 1514: 1487: 1337: 1260: 1177: 1170: 1162:Reserve Bank of Australia 1152: 1109:Bendigo and Adelaide Bank 257:Bendigo and Adelaide Bank 238: 226: 206: 186: 166: 158: 140: 122: 104: 94: 64: 54: 35: 26: 2352:Clinuvel Pharmaceuticals 1347:Australian Military Bank 575:List of banks in Oceania 362:credit and debit cards. 311:and regional offices in 2824:Cromwell Property Group 2725:Northern Star Resources 2502:Sydney Airport Holdings 2271:National Australia Bank 2002:The Lottery Corporation 1474:Regional Australia Bank 1211:National Australia Bank 323:History and development 303:with a major office in 110:; 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1852: 1848: 1846: 1845: 1841: 1839: 1836: 1834: 1833: 1829: 1827: 1826: 1822: 1820: 1817: 1815: 1812: 1810: 1807: 1806: 1804: 1800: 1795: 1790: 1787:companies of 1786: 1782: 1776: 1768: 1763: 1761: 1756: 1754: 1749: 1748: 1745: 1733: 1730: 1728: 1725: 1723: 1720: 1718: 1715: 1714: 1711: 1707: 1703: 1699: 1693: 1690: 1688: 1687:Tyro Payments 1685: 1683: 1680: 1678: 1675: 1673: 1670: 1669: 1667: 1663: 1657: 1654: 1652: 1649: 1647: 1644: 1642: 1639: 1637: 1634: 1632: 1629: 1628: 1626: 1624: 1620: 1614: 1611: 1609: 1606: 1604: 1601: 1599: 1596: 1594: 1591: 1590: 1588: 1584: 1578: 1575: 1573: 1570: 1568: 1565: 1563: 1560: 1558: 1555: 1553: 1550: 1548: 1545: 1543: 1540: 1538: 1535: 1533: 1532:Bank of China 1530: 1528: 1525: 1523: 1520: 1519: 1517: 1515:Foreign banks 1513: 1503: 1500: 1498: 1495: 1494: 1492: 1490: 1486: 1480: 1477: 1475: 1472: 1470: 1467: 1465: 1462: 1460: 1457: 1453: 1450: 1448: 1447:Heritage Bank 1445: 1444: 1443: 1440: 1438: 1435: 1433: 1430: 1428: 1425: 1423: 1420: 1418: 1415: 1413: 1410: 1408: 1407:Heritage Bank 1405: 1403: 1400: 1398: 1395: 1393: 1390: 1388: 1385: 1383: 1380: 1378: 1375: 1373: 1370: 1368: 1365: 1363: 1360: 1358: 1355: 1353: 1350: 1348: 1345: 1344: 1342: 1340: 1336: 1328: 1325: 1324: 1323: 1320: 1316: 1313: 1311: 1308: 1307: 1306: 1303: 1301: 1298: 1296: 1293: 1291: 1288: 1286: 1283: 1281: 1278: 1276: 1273: 1271: 1268: 1267: 1265: 1263: 1259: 1251: 1248: 1246: 1243: 1241: 1238: 1237: 1236: 1233: 1229: 1226: 1222: 1219: 1218: 1217: 1214: 1213: 1212: 1209: 1205: 1202: 1201: 1200: 1197: 1193: 1190: 1189: 1188: 1185: 1184: 1182: 1180: 1176: 1173: 1169: 1163: 1160: 1159: 1157: 1155: 1151: 1147: 1140: 1135: 1133: 1128: 1126: 1121: 1120: 1117: 1110: 1107: 1106: 1085: 1081: 1075: 1067: 1061: 1045: 1041: 1037: 1031: 1023: 1017: 1009: 1008: 1003: 997: 989: 983: 975: 969: 961: 957: 951: 943: 939: 933: 925: 921: 915: 907: 903: 897: 889: 885: 879: 871: 867: 861: 853: 849: 843: 834: 828: 823: 815: 809: 793: 789: 783: 764: 757: 751: 735: 731: 725: 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2458:Downer Group 2445: 2407: 2400: 2393: 2369: 2362: 2355: 2324: 2312: 2302: 2269: 2257: 2250: 2233: 2226:GQG Partners 2213: 2209:Charter Hall 2185: 2178: 2145: 2128: 2114:Beach Energy 2090: 2063: 2046: 2011: 1994: 1925:G8 Education 1920:GUD Holdings 1879: 1849: 1842: 1830: 1823: 1613:Pepper Money 1542:CurrencyFair 1437:P&N Bank 1402:Greater Bank 1392:Defence Bank 1339:Member-owned 1315:Virgin Money 1285:Auswide Bank 1192:Suncorp Bank 1154:Central bank 1088:. Retrieved 1084:The Standard 1083: 1074: 1060: 1048:. Retrieved 1039: 1030: 1016: 1005: 996: 982: 968: 959: 950: 941: 932: 923: 914: 905: 896: 887: 878: 869: 860: 851: 842: 833: 822: 808: 796:. Retrieved 792:the original 782: 770:. Retrieved 763:the original 750: 738:. Retrieved 733: 724: 704: 697: 685:. Retrieved 681: 672: 660:. Retrieved 656: 646: 638:the original 613:. Retrieved 533:Banks portal 500: 496: 492: 460: 456: 453: 445: 438: 433: 430: 419: 416: 409: 402: 394:agribusiness 391: 376: 368:Bendigo Bank 367: 364: 357: 353: 349: 326: 294: 279: 277: 269:Bendigo Bank 268: 261:Bendigo Bank 260: 259:(trading as 256: 255: 228:Subsidiaries 209:Total equity 189:Total assets 153:Vicki Carter 123:Headquarters 55:Company type 18: 2795:Real Estate 2485:Reece Group 2419:Industrials 2390:Pro Medicus 2341:Health Care 2136:Viva Energy 2054:Costa Group 1857:Uniti Group 1851:TPG Telecom 1459:Police Bank 1377:Cairns Bank 988:"Community" 920:"Our Story" 772:17 December 740:17 December 2961:Categories 2914:AGL Energy 2781:St Barbara 2769:Sims Metal 2648:Brickworks 2521:Technology 2509:Transurban 2383:Nanosonics 2205:Challenger 2162:Financials 2124:Soul Patts 2092:Woolworths 2042:Blackmores 2037:Bega Group 2013:Wesfarmers 1623:Regulators 1557:ING Direct 1464:Qudos Bank 1362:Bank First 1090:22 January 1050:22 January 1044:Neo Kosmos 687:4 November 662:4 November 587:References 441:Kevin Rudd 290:Queensland 169:Net income 148:CEO and MD 142:Key people 115:1858-07-09 2920:APA Group 2907:Utilities 2884:Stockland 2854:Lendlease 2843:GPT Group 2806:BWP Trust 2763:Rio Tinto 2685:Gold Road 2680:Fortescue 2642:BlueScope 2605:Materials 2453:Cleanaway 2379:Mesoblast 2293:Perpetual 2280:nib Group 2276:Netwealth 2192:AUB Group 2071:GrainCorp 2023:Consumer 1975:Redbubble 1955:News Corp 1950:Kogan.com 1866:Consumer 1825:REA Group 1809:CAR Group 1789:Australia 1701:Inquiries 1527:Arab Bank 1497:Volt Bank 1469:RACQ Bank 1412:Hume Bank 1295:Judo Bank 1275:Alex Bank 1270:Airwallex 798:6 January 657:Euromoney 483:Newcastle 471:Deer Park 426:Docklands 422:Melbourne 351:in 1901. 135:Australia 87:component 67:Traded as 48:Australia 2899:Waypoint 2565:Megaport 2534:Afterpay 2447:Brambles 2387:Polynovo 2357:Cochlear 2265:Medibank 2169:Afterpay 1945:JB Hi-Fi 1940:InvoCare 1892:Breville 1598:Latitude 1567:Rabobank 1522:ABN AMRO 1204:Bankwest 734:ABC News 505:See also 383:Rupanyup 305:Adelaide 301:Victoria 286:Victoria 233:Up Money 159:Services 131:Victoria 95:Industry 2987:Bendigo 2775:South32 2622:Alumina 2569:Nearmap 2441:Aurizon 2376:Healius 2326:Westpac 2314:Suncorp 2081:Metcash 2076:Inghams 2025:Staples 1996:Tabcorp 1844:Telstra 1572:Revolut 1489:Defunct 1427:MyState 1367:BankVic 1310:ME Bank 1235:Westpac 1007:YouTube 580:Fincorp 479:Berrima 467:Geelong 333:Bendigo 297:Bendigo 239:Website 127:Bendigo 113: ( 105:Founded 78::  44:Bendigo 2860:Mirvac 2731:Nufarm 2617:Allkem 2574:NextDC 2528:Altium 2474:Qantas 2402:ResMed 2348:Ansell 2288:Pendal 2153:Worley 2130:Santos 2102:Energy 2059:Elders 2007:Webjet 1887:Bapcor 1819:Domain 1814:Chorus 1692:Zeller 1677:Cuscal 1593:Aussie 1262:Retail 1245:BankSA 1221:86_400 712:  615:22 May 463:Cuscal 379:Minyip 281:Elders 59:Public 2830:Dexus 2741:Orora 2736:Orica 2709:Lynas 2628:Amcor 2612:Adbri 2558:Iress 2545:Codan 2540:Appen 2230:HUB24 2109:Ampol 2048:Coles 1562:Monzo 1502:Xinja 1216:UBank 766:(PDF) 759:(PDF) 609:(PDF) 398:rural 387:Upwey 2947:bold 2595:Xero 2579:Nuix 1832:Seek 1672:BPAY 1092:2015 1052:2015 800:2012 774:2016 742:2016 710:ISBN 689:2019 664:2019 617:2023 405:IOOF 396:and 381:and 360:Visa 315:and 288:and 271:and 246:.com 2661:CSR 2635:BHP 2462:IPH 2426:ALS 2364:CSL 2332:Zip 2180:ANZ 2174:AMP 1422:IMB 1290:BNK 1280:AMP 1187:ANZ 475:ACT 248:.au 220:A$ 200:A$ 180:A$ 80:BEN 76:ASX 2963:: 1327:Up 1082:. 1042:. 1038:. 1004:. 958:. 940:. 922:. 904:. 886:. 868:. 850:. 732:. 680:. 655:. 625:^ 595:^ 428:. 424:, 407:. 339:. 319:. 307:, 133:, 129:, 46:, 2949:. 1766:e 1759:t 1752:v 1138:e 1131:t 1124:v 1094:. 1068:. 1054:. 1024:. 1010:. 990:. 976:. 962:. 944:. 926:. 908:. 890:. 872:. 854:. 802:. 776:. 744:. 718:. 691:. 666:. 619:. 299:, 150:) 117:)

Index



Bendigo
Australia
Public
Traded as
ASX
BEN
S&P/ASX 200
Financial services
Bendigo
Victoria
Australia
CEO and MD
Vicki Carter
Net income
Total assets
Total equity
Subsidiaries
Up Money
bendigoadelaide.com.au
retail banking
Adelaide Bank
Elders
Victoria
Queensland
Bendigo
Victoria
Adelaide
South Australia

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