BEN Investor Update including RACQ Bank Book Acquisition

Bendigo and Adelaide Bank (ASX:BEN) will today hold an Investor Update. As part of this update, the Bank announces an agreement to acquire RACQ Bank’s retail lending assets and deposits (subject to regulatory approvals). The asset and liability transfer is expected to be completed during 1H27. The acquisition will be completed at book value and will be funded from cash reserves and will consume ap