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 $165 million disbursed from profits to local causes.
Company Information
| Impact Segment | Economic Opportunity/Financial Inclusion |
| Sector | Financials |
| Industry | Commercial Banks |
| CEO | Michael Hirst |
| Website | http://www.bendigoadelaide.com.au |
| Employees | 4,413 |
| Company Type | Public |
| Revenues ($M) (Last Fiscal Year) | $2,210 |
| Profits ($M) (Last Fiscal Year) | $324 |
| Market Value ($M) | $4,500 |