BENDIGO and Adelaide Bank is in a strong position moving forward and committed to serving its customers, shareholders and stakeholders, the board says.
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About 200 people packed The Capital in Bendigo on Monday for the bank's annual general meeting.
In the year to June 30, the bank recorded a statutory profit of $372.3 million after tax, while underlying cash earnings were $382.3 million, a 9.9 per cent increase on the prior corresponding period.
Cash earnings per share were 91.5 cents, an increase of 7.1 per cent. The final fully-franked dividend of 33 cents per share is up on the interim dividend, lifting the fully-year dividend by three cents, to 64 cents per share.
Managing director Mike Hirst said the bank wanted to grow at a profitable rate.
"Our ability to do that is underpinned by our value proposition," Mr Hirst said during his address.
"By providing excellent customer service, a complete range of financial products and a real commitment to growing the prosperity of our customers and their communities. I am proud to say we have again been able to deliver an improved earnings performance.
"Our customers have continued to support us strongly, recognising the tangible value of our great service and community contribution, with Community Banks reinvesting more than $125 million and growing by $20 million a year."
Mr Hirst also mentioned the changing banking landscape and the introduction of new technologies, including the Redy App.
"We are both immensely proud of Redy and immensely excited at its potential," he said.
During the meeting director Jacquie Hey was re-elected, while Jenny Dawson announced her retirement from the board following 15 years of service.
Chairman Robert Johanson said Ms Dawson had made an enormous contribution to the bank during her tenure.
"She has chaired the audit committee for 10 years and they were 10 turbulent years," Mr Johanson said.
The meeting passed all resolutions and the 2014 remuneration report.