Bank lending and regulation

The Bendigo depository monetary institution Group of companies includes the retail brim and the wealth counseling division comprising legal guardian kind club and funds manager Sandhurst Trustees, monetary planners Bendigo Investment go and Worley Securities, and debenture company Victorian Securities. A wholly owned subsidiary, National Mortgage Market locoweed is a owe stemator and loan portfolio manager. Bendigo also participates in joint guess companies Elders Rural banking company (farm banking), with Futuris Corporation, and Tasmanian Banking Services with Tasmanian stark(a) 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 foreign exchange services. 1.2 SizeBendigo Bank is a publicly-listed company on the Australian Stock Exchange and is owned by more than 48,000 principally smal l shareholders. The under management assets of Bendigo Bank is more than $16 one thousand thousand and market capitalization is just about $1.4 billion dollars. It also has one million customers and declared a 2004/2005 after-tax win of $90.4 million. However compare to other major banks in Australia, Bendigo Bank still a quite small bank. 1.3 AgeBendigo was Australias oldest, and Victorias biggest, build society. The origin of Bendigo Bank was Bendigo Permanent Land and create order which was natural in Bendigo halcyonfield in 1858. It was not until the 1970s the Bendigo Building confederacy began to expand its business throughout regional and metropolitan Victoria. The next three decades have seen the Bendigo grow quickly, and the growth under the prevail in conversion to a Bank on 1 July, 1995. Nowadays, the Bendigo Bank products and services are available through more than 500 outlets Australia-wide, including more than 150 company owned branches and 160-odd contin uative owned Community Bank® branches of Be! ndigo Bank. 1.4 Nature of depositsTable 1Deposit2005($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 nice essay, order it on our website: OrderCustomPaper.com

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