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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.

Company Information

Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Financials
Industry
Commercial Banks
CEO
Michael Hirst
Websitehttp://www.bendigoadelaide.com.au
Employees4,413
Company Type
Public
Revenues ($M) (Last Fiscal Year)$2,210
Profits ($M) (Last Fiscal Year)$324
Market Value ($M)$4,500