BENDIGO and Adelaide Bank said today that its first half net profit more than doubled on year to $104.1 million from $50.6m a year earlier.
The result comes as charges for bad loans, which have dragged on profitability, seem to have peaked amid increasingly positive signs for the Australian economy.
Bendigo and Adelaide Bank said its bad and doubtful debt charge fell to $16.8m from $25.5m a year ago.
Presumably the MIS punters are paying their loans.
BENDIGO and Adelaide Bank said today that its first half net...
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