After several days of silence from the big four,NAB was the first of the big four to announce its interest rate move
Bendigo and Adelaide Bank shares fell sharply on Monday,after it revealed a sharp decline in its net interest margin.
Reserve Bank governor Philip Lowe warns home buyers with big mortgages are a weak spot in the economy when rates are lifted from their record low levels.
Bendigo and Adelaide Bank boss Marnie Baker says the lender’s home loan customers and the wider economy can cope with a gradual rise in interest rates.
Bendigo and Adelaide Bank chief executive Marnie Baker has defended an increase in costs by saying the lender’s main focus is on growth.
Commonwealth Bank boss Matt Comyn says the growth spurt is not being driven by investors piling into the Sydney and Melbourne markets.
Chief executive Marnie Baker on Monday said the regional lender could continue expanding its share in the crucial home lending market.
Australia's biggest banks will stop offering automatic mortgage holidays to home owners struggling financially during the coronavirus pandemic.
Bendigo Bank has been publicly shamed for aggressive debt collection tactics between 2015 and 2019.
Bendigo and Adelaide Bank chief executive Marnie Baker has vowed to keep expenses in check after a surprise blowout in costs for the full year.
Bendigo and Adelaide is the latest financial institution to pull its profit guidance in the face of a wave of bad debts and uncertainty about the economy.