How Will Bendigo Bank’s RACQ Acquisition Reshape Its Growth Trajectory?

• Acquisition of $2.7 billion in retail loans and $2.5 billion in deposits from RACQ Bank
• Deal funded from cash reserves, consuming approximately 35 basis points of CET1 capital
• Expected to increase Bendigo Bank’s Queensland lending exposure from 15% to 18%
• Transaction forecasted to add 35-40 basis points to ROE and 4-5 cents to cash EPS annually