Bendigo Bank of Australia First-Half Profit Rises 36% (Update3) - 2004-02-15
Bendigo Bank Ltd., a regional Australian lender, announced first-half earnings increased 36 percent as lending approvals, mostly for mortgages, surged by almost half.
Net income increased to A$34.6 million ($27.3 million), or 26.8 cents a share, in the half ended Dec. 31, from A$25.4 million, or 20.3 cents, a year earlier, the Bendigo, Victoria- based lender said in a statement.
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