Bendigo and Adelaide Bank Limited
(ASX:BEN) has reported a 41 per cent increase in net profit for the 12 months to June.
Profit came in at $342.1 million, and cash earnings increased 10.8 per cent to $336.2 million.
The bank’s managing director Mike Hirst said the result shows that support is being returned to the bank.
He also said the bank expects the market to remain volatile.
