Bendigo and Adelaide Bank CEO Marnie Baker told Sky News the board had to make the difficult decision to cut its interim dividend after the bank's first half profit dipped 28 per cent
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Bendigo and Adelaide Bank has cut its interim dividend and kicked off a $300 million capital raising to boost its balance sheet after its first half profit dipped 28 per cent. The regional lender on Monday said its statutory net profit for the six months to December had fallen to $145.8 million, weighed down by software impairments. Chief executive Marnie Baker told Sky News the decision to cut the dividend was made to ensure it remains “sustainable”.
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