There will be little to no relief for the banking sector heading into the new year as net interest margins compress further and lending gets ever more competitive, Bendigo and Adelaide Bank boss Marnie Baker warns.
Ms Baker positioned digital-only offshoot Up – which Bendigo and Adelaide Bank got full-ownership of when it bought out its joint venture partner Ferocia in August – as one answer to the industry disruption.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
