Bendigo and Adelaide Bank expected to maintain stable credit quality

The bank’s credit losses are expected to remain low over the next two years.

Bendigo and Adelaide Bank (BEN) should maintain its stable credit quality despite registering a lower net profit and statutory loss after tax for the fiscal year 2025.

The Australian bank announced a statutory loss after tax of A$97m for the fiscal year that ended on 30 June. This follows a previously announced one-off goodwill impairment charge of A$539.5m, said S&P Global Ratings.

BEN’s net profit after tax on a cash basis is A$514.6m for fiscal 2025, down 8.4% over the previous year, on higher operating expenses due to technology and staff costs.

S&P believes that BEN’s credit losses will remain low over the next two years, at about 0.1%.