Bendigo to look attractive after feds plans
(24 November 2010 − Australia) Analysts believe that the nation’s regional banks will benefit from the federal government’s plans to increase funding available to financial services providers.
However, analysts have warned that the push could lower lending underwriting standards, which exposes the possibility of weakening the economy.
Stewart Oldfield, E.L&C. Baillieu analyst, said that Bendigo and Adelaide Bank, one of the few listed banks that were positively leveraged to proposed regulatory changes, and should now be attractive to investors.
'Any government efforts to improve the turnover in securitisation markets will benefit Bendigo well,' Mr Oldfield said.
He said that regulatory reform would be an important driver of Bendigo's share price in the near term.
'Bendigo has got some growth options where bigger banks don't, so they can take as much market share as they can fund.'
Stewart Oldfield, E.L&C. Baillieu analyst, said that Bendigo and Adelaide Bank, one of the few listed banks that were positively leveraged to proposed regulatory changes, and should now be attractive to investors.
'Any government efforts to improve the turnover in securitisation markets will benefit Bendigo well,' Mr Oldfield said.
He said that regulatory reform would be an important driver of Bendigo's share price in the near term.
'Bendigo has got some growth options where bigger banks don't, so they can take as much market share as they can fund.'
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