Bendigo Bank H1 profit falls

Lender optimistic on operating conditions, cash earnings increase in half.

Bendigo and Adelaide Bank (BEN) has posted a slight decline in first-half profit, but remains confident of the lender's position in the market for the remainder of the year, buoyed by a lift in cash earnings.

In the six months to December 31, Bendigo posted a net profit of $180.7 million, a 4.6% decline on the $189.4 million recorded in the previous corresponding period.

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