Office address: The Bendigo Centre, 22-44 Bath Lane, Bendigo, VIC, Australia 3550
Website: www.adelaidebank.com.au
Year established: 1994
Company type: banking
Employees: 7,000
Expertise: home loans, personal banking, insurance
Parent company: Bendigo and Adelaide Bank Group
CEO and key people: Marnie Baker, CEO and Managing Director
Financing status: -
Adelaide Bank is a key figure in Australia's mortgage industry. It has over a 100 years' experience in home loans, tracing its roots back to the Co-operative Building Society of South Australia. Today, it is part of Bendigo and Adelaide Bank, one of the biggest banks in Australia.
Adelaide Bank originated from the Co-operative Building Society of South Australia, the nation's largest building society at the time. Adelaide Bank was officially established in 1994 and merged with Bendigo Bank in 2007 to form Bendigo and Adelaide Bank. This union marked a new chapter, positioning the bank as a top 100 ASX company with a substantial shareholder base.
Adelaide Bank offers a variety of products and services, each tailored to meet the diverse needs of its customers:
SmartSaver: a straightforward, low-rate home loan offering essential features
SmartFix: combining the benefits of a 100% offset account with fixed repayment certainty
SmartFit: a fully-featured loan with a competitive variable rate and a 100% offset account
personal accounts: catering to individual banking needs with a focus on simplicity and efficiency
term deposits: offers higher interest rates than savings accounts, with terms from 30 days to 5 years
Adelaide Bank prides itself on ethical conduct and high standards in its business operations. The bank is committed to practices that reflect integrity and respect, fostering a culture that values stakeholder engagement and corporate responsibility. This culture is integral to Adelaide Bank's operations, influencing its approach to customer service, community involvement, and internal governance.
Marnie Baker has over 30 years of experience in the financial services industry. She has been with the Bendigo and Adelaide Bank Group since 1989, taking on leadership roles as chief customer officer, executive for corporate resources, chief information officer, and group treasurer. She was appointed Managing Director and CEO in 2018.
Baker holds a Bachelor of Business degree from Latrobe University.
The bank's commitment to its customers, community, and stakeholders, combined with its strategic direction and leadership, positions it well to navigate changes in the mortgage industry. Now and in the future, Adelaide Bank continues with its mission of helping Australians buy their own homes.
It announces a number of promotions and new hires
More brokers gain access to the lender's products for the first time
But cash rate's short-term future remains uncertain, says expert
Richard Fennell will replace Marnie Baker in lead role
Conditions include no branch closures and no job losses for three years
It agrees to update its terms and conditions to prevent the misuse of its products and services for financial abuse
New lending platform, broker growth all part of transformation plan
Time to enter industry's most prestigious awards
Another major lender adjusts RBA cash rate forecast
Rare chance to hear leaders share views in panel discussion
