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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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    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