Australia's Bendigo and Adelaide Bank set to fall for third straight week

Bendigo and Adelaide Bank

28/11/2025 03:29

** Shares of Australia's Bendigo and Adelaide Bank  BEN.AX fall 1% to A$10.225, bringing weekly losses to 6.2% so far

** Regional lender's stock on track for third straight week of decline

** Stock fell 7.4% on Tuesday after the bank said its anti-money laundering and counter-terrorism financing controls were found to have deficiencies, which impact key areas of its risk management framework, and extend beyond one branch

** Shares have fallen 19.6% since it said on November 11 its quarterly unaudited cash earnings came in at A$120.7 million ($78.85 million), flat compared to last year, and down 3.2% on 2H25 quarterly average

** YTD, stock down 21.9%

($1 = 1.5307 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))