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Why Bendigo Bank shares are up sharply this month

James Eyers

Banking analysts are growing more confident about Bendigo and Adelaide Bank’s ability to execute its vision for growth, as CEO Marnie Baker outlined the remaining priorities of its multi-year strategy on Thursday and its shares held most of their big gains this week.

Bendigo sees itself as one of the “big banks” rather than a regional lender. Senior management is pointing to a new push into business banking, driving its popular digital bank, Up, and keeping pace in mortgages on the back of a faster approval platform being rolled out to brokers and branches.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/why-bendigo-bank-shares-are-up-sharply-this-month-20240524-p5jg9x