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Bendigo Bank Grows Customers 4.9% Despite Earnings Pressure from Inflation

7:42am on Monday 2nd of June, 2025 AEST Banking
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Bendigo Bank Grows Customers 4.9% Despite Earnings Pressure from Inflation

7:42am on Monday 2nd of June, 2025 AEST
Key Points
  • Cash earnings down 1.1% year-on-year, impacted by deposit mix and inflation
  • Customer base grows 4.9% to over 2.7 million, with strong mortgage and deposit growth
  • Digital lending platforms drive 28% of residential settlements
  • Operating expenses rise due to transformation investments and wage inflation
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