Bank lending and regulation

The Bendigo depository pecuniary institution Group of companies includes the retail swear and the wealth counseling division comprising legal guardian tender club and funds manager Sandhurst Trustees, monetary planners Bendigo Investment go and Worley Securities, and debenture company Victorian Securities. A wholly own subsidiary, National Mortgage Market locoweed is a owe institutionator and loan portfolio manager. Bendigo also participates in joint venture companies Elders Rural coin bank (farm banking), with Futuris Corporation, and Tasmanian Banking Services with Tasmanian ceaseless Trustees Limited. Therefore, Bendigo Bank and its subsidiaries offer a colossal range of financial services, including commercial mortgages and unsecured loans, investment products, insurance, superannuation, trustee services and unconnected exchange services. 1.2 SizeBendigo Bank is a publicly-listed company on the Australian Stock Exchange and is owned by to a greater extent than 48 ,000 chiefly small shareholders. The under management assets of Bendigo Bank is more than $16 billion and market capitalization is just about $1.4 billion dollars. It also has one million customers and declared a 2004/2005 after-tax net income of $90.4 million. However compare to other major banks in Australia, Bendigo Bank still a quite small bank. 1.3 AgeBendigo was Australias oldest, and Victorias biggest, build society. The origin of Bendigo Bank was Bendigo Permanent Land and create order which was natural in Bendigo billsfield in 1858. It was not until the 1970s the Bendigo Building club began to expand its business throughout regional and metropolitan Victoria.

The pursual three decades have seen the Bendigo grow quickly, and the growth under the abide in conversion to a Bank on 1 July, 1995. Nowadays, the Bendigo Bank products and services are available through more than 500 outlets Australia-wide, including more than 150 company owned branches and 160-odd partnership owned Community Bank® branches of Bendigo Bank. 1.4 Nature of depositsTable 1Deposit2005($m)2004($m)RetailBranch network9,092.48,126.4Treasury sourced792.7765.4WholesaleDomestic772.4599.1Offshore- EMTN and ECP1,067.0454.2- Cross gold swap75.843.5In 2005, the Branch network of... If you want to get a clever essay, order it on our website: OrderCustomPaper.com

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