Bendigo and Adelaide Bank is strongly capitalised and winning market share in mortgages. But its multi-year turnaround strategy will involve several years of poor returns for shareholders.
Shareholders in Bendigo and Adelaide Bank should brace for a prolonged period of mediocre returns as the country's most trusted bank builds a new operating model.
Bendigo chief executive Marnie Baker is implementing a turnaround strategy built on three objectives: reducing complexity, investing in digital capability, and telling Bendigo's unique community-based banking story.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
