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 $165 million disbursed from profits to local causes.
Economic Opportunity/Financial Inclusion
|Revenues ($M) (Last Fiscal Year)||$2,210|
|Profits ($M) (Last Fiscal Year)||$324|
|Market Value ($M)||$4,500|