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Bendigo and Adelaide Bank Ltd. Apr 09 Product Image

Bendigo and Adelaide Bank Ltd. Apr 09

  • ID: 1856375
  • April 2009
  • Standard & Poors


  • Adelaide Bank Ltd.
  • Rural Bank Ltd.
  • MORE

Strong branded franchise that offers continued growth opportunities Increased diversity with merger Robust retail deposit base supported by strong advocacy from customers Exposed to a weak economic environment and deteriorating credit cycle Reduced funding flexibility due to reduced access to securitization markets and a competitive deposit market impacting margins The stable outlook reflects our expectation that the improvements in BEN's costs and capital position should offset earnings pressure from a deteriorating operating environment. The bank is licensed under the Banking Act 1959 of the Commonwealth of Australia, and operates under the supervision of the Australian Prudential Regulation Authority (APRA). BEN is a listed public company on the Australian Stock Exchange and has a widely dispersed shareholder registry....

Companies mentioned in this report are:
- Bendigo and Adelaide Bank Ltd.
- Adelaide Bank Ltd.
- Rural Bank Ltd.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

- Bendigo and Adelaide Bank Ltd.
- Adelaide Bank Ltd.
- Rural Bank Ltd.

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