Bendigo and Adelaide Bank tumbles as Australian prudential regulator intervenes

Bendigo and Adelaide Bank

18/08/2026 03:14

** Shares of Bendigo and Adelaide Bank BEN.AX fall as much as 9.3% to A$10.110, their biggest intraday pct loss since February 2025
** Lender's shares hit lowest level since June 9
** Australian Prudential Regulation Authority imposes license conditions on the bank in relation to management of non-financial risk
** Company's plan to address concerns expected to cost A$70 million ($49.76 million), which has been included in FY26 results
** Co on the day posts 3% jump in FY26 prelim cash earnings after tax from a year ago and a 7 basis point jump in net interest margin
**"The focus of investors will be on APRA's 3-year remediation program, which, in our view, materially raises execution risk, and leaves the bank more internally focused, with real trade-offs around investment allocation" - UBS analysts
** YTD, shares down 3.5%
     
     
($1 = 1.4069 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))