Managing director Mike Hirst said the bank was committed to serving the community. 

"One of the things we are always keen to do is make sure the results of our business provide equity for all of our stakeholders, whether that be customers, staff or shareholders," he said. 

"The fact that this is a solid result does reflect the equity result we take.

"If stakeholders don't feel like they have been fairly rewarded then it is difficult to be sustainable." 

Mr Hirst said the bank's willingness to address its weaknesses would provide it with a strong platform to attract more customers moving forward.  

"We announced a number of cutting-edge technologies during the year, with each innovation based on what customers were asking for, or where we saw we could add value for our communities," he said.

"We believe we have got the products and customer-basis met."

Meanwhile, Mr Hirst said the bank welcomed the interim report of the Financial Services Inquiry. 

"The inquiry recognises the environment has changed for lots of reasons and they have taken a balanced approach in identifying the key issues, including the uneven playing field tilted in favour of larger players," he said.  

"Bendigo looks forward to working with the inquiry towards an appropriate resolution of these issues."

The bank announced its full year results for the last financial year on Monday.