The larger bank’s proposed acquisition was to build presence in Queensland and help ANZ scale up to help it better compete against the other majors (at the time of writing, ANZ is the smallest of the big four by market capitalization). Between them, CommBank, Westpac, NAB and ANZ hold roughly 75% of all residential mortgages in Australia, one of the most consolidated banking sectors in the world.īendigo played a key role in the 2022/23 saga of ANZ’s attempted acquisition of Suncorp’s banking division. Bendigo bank in 2023Īlong with the likes of Suncorp, Macquarie Bank and Bank of Queensland, Bendigo & Adelaide Bank is part of the second tier of Australian banks, operating at a much smaller scale than the big four. The current iteration has existed since 2007, when Bendigo Bank and Adelaide Bank merged. It’s one of the ten largest banks that operates in Australia, with a market capitalisation of more than $5 billion and $112.5 billion worth of assets (correct at the time of writing). The Bendigo and Adelaide Bank group that operates today is the culmination of more than 80 different organisations that have come together since 1858.
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