BEN bendigo and adelaide bank limited

News: Bendigo and Adelaide Bank boosts FY result

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    Bendigo and Adelaide Bank Limited (ASX:BEN) has boosted its net profit and cash earnings in the 2014 financial year.  

    The Brisbane-based regional lender improved its net profit by 5.7 per cent to $372 million while its cash earnings gained almost 10 per cent to $382 million. 

    Managing Director Mike Hirst says a five basis point increase in net interest margin is testament to the bank's value proposition in a highly competitive environment. 

    Over the second half Bendigo and Adelaide Bank Limited inked a $1.78 billion deal to buy the Victorian government’s Rural Finance Corporation.
     
    A fully-franked final dividend of 33 cents per share has been declared, taking the full year payout to 64 cents.  
 
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