Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Bendigo gives up lending market share 27 June 2008
Unlike most of their retail bank peers Bendigo and Adelaide Bank appear to be conceding some market share to rival banks, even as almost all rival banks pick up market share with ease given the drastic decline of non-bank mortgage funders. The wholesale mortgage book of the bank has declined by perhaps $500 million to about $16 billion since the peak in outstandings (in this division) in the middle of last year. Bendigo bank recorded asset growth of 9.8 per cent annualised, year to date and has added about 1000 new customers so far this year, to take the total to around 27,000. Bendigo's position is that it is focussed "on achieving an appropriate economic return" which may mean that its not doing too much new lending.
