Bendigo and Adelaide Bank has delivered a 51.5 per cent surge in cash profit to $457.2 million after another strong result in its home lending division and fewer bad debts, but a flagged rise in expenses led to a steep sell-off in its shares.
Bendigo and Adelaide Bank’s Marnie Baker says the bank has seen only a small increase in requests for assistance.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
