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Change the World

Photo: Lucas Wroe—Courtesy of Bendigo & Adalaide Bank

13

Bendigo & Adelaide Bank

Helping isolated communities run their own banks.

In the 1990s, consolidation resulted in the closure of almost a third of Australia’s bank branches. Approached by abandoned communities, this bank launched a Community Bank model in 1998 where townspeople could own and operate their own branches. Around 320 localities now run such banks, with almost $165 million disbursed from profits to local causes.

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Impact Segment

Economic Opportunity/Financial Inclusion

Sector

Financials

Industry

Commercial Banks

CEO

Michael Hirst

Employees

4,413

Company Type

Public

Revenues ($M) (Last Fiscal Year)

$2,210

Profits ($M) (Last Fiscal Year)

$324

Market Value ($M)

$4,500