Original article by James Frost
The Australian Financial Review – Page: 17 : 15-Aug-17

Bendigo & Adelaide Bank’s 2016-17 cash profit was slightly below market expectations at $A418.3m, despite rising by 4.2 per cent. CEO Mike Hirst says the result was affected by a regulatory crackdown on mortgage lending. He adds that while the banking sector’s reputation has been tarnished by the Commonwealth Bank’s money-laundering scandal, Bendigo performs well in terms of trust. Hirst says its branch network and customer-facing staff will play a key role in retaining that trust.

CORPORATES
BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY