Bendigo Bank meets profit target

Bendigo Bank said in an ASX statement on Friday morning that its customer growth was at “satisfactory levels” and that its branch openings remain on target. The bank also on Friday morning reiterated 10-month old profit guidance, to the effect that the bank forecast that growth in net profit after tax would be in the range of 15 to 18 per cent, depending on market conditions. Bendigo said that, “as the year draws to a close, we remain very comfortable with that guidance”. However, a few hours later, Bendigo issued a clarifying statement to the ASX that the profit guidance was before any “specific items”.

Advertisement