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Bendigo And Adelaide Bank Announces Seven-Year Technology Service Partnership With Infosys

ReutersApr 9, 2026 1:20 AM

- Bendigo and Adelaide Bank Ltd BEN.AX:

  • ANNOUNCES SEVEN-YEAR TECHNOLOGY SERVICE PARTNERSHIP WITH INFOSYS

  • ANNOUNCES SIX-YEAR BUSINESS OPERATIONS PARTNERSHIP WITH GENPACT

  • EXPECTS UPFRONT TRANSITION COSTS OF A$85 MILLION-A$95 MILLION, MOSTLY IN FY27

  • REPORTS UNAUDITED 3Q26 CASH EARNINGS OF A$137.9 MILLION, STATUTORY NPAT OF A$109.4 MILLION

  • 3Q26 NIM WAS 1.98%, UP 6BPS ON 2Q26

  • 3Q NET INTEREST INCOME A$433.2 MILLION

  • EMPLOYEES WILL BE CONSULTED ON ROLES AND TEAM STRUCTURES

  • IMPROVEMENTS EXPECTED WILL LEAD TO WORKFORCE CHANGES, IMPACTING PEOPLE IN TECH, BUSINESS OPERATIONS TEAMS

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