Morningstar | Bendigo's retail bank branch focus and high customer satisfaction levels are core strengths.
As one of Australia's three remaining regional banks, Bendigo and Adelaide Bank, or Bendigo, boasts strengths including brand, customer loyalty, and its unique community branch distribution model. All of its major operating segments have been profitable for the past several years, but slowing credit growth and debt serviceability will be tested in an economic slowdown. Over the longer term, we expect Bendigo to continue delivering solid operating results, but we do not expect consistent returns in excess of our estimated cost of equity. Bendigo successfully competes on customer service, but struggles to generate comparable profitability because of its much smaller customer base and higher funding and operating costs.Bendigo & Adelaide Bank provides a range of banking and other financial services including consumer, residential, business and commercial lending, deposit-taking, payments services, wealth management, funds management and superannuation, treasury and foreign exchange services. Co. provides these services primarily to retail customers and small to medium sized businesses throughout Australia. The key lending activities are commercial finance, business lending and consumer finance which includes residential loans, personal loans, credit cards and overdrafts. As of June 30 2016, Co. had total assets of A$68.58 billion and total deposits of A$57.05 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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