What Bendigo and Adelaide Bank told shareholders about AI and its workforce.
ASX: BEN. Status: Read. Period: year ended 30 June 2026.
Bendigo and Adelaide Bank reported redundancy costs of $8.1 million. It also reported that AI is one way to make the business more efficient, or an aim. It did not connect them in these documents.
What it said
- Mentions AI
Yes
Our partnership with Google announced in November 2025 is ensuring our people and customers can benefit from the latest AI capabilities, digital skills and cybersecurity defences.
Annual Report to shareholders, PDF page 6 - Ties AI to efficiency
As one lever, or an aim
As the Group accelerates the adoption of generative and agentic AI to drive productivity and innovation, managing this risk is critical.
Annual Report to shareholders, PDF page 84 - Number for AI doing customer or operations work
None found in the documents listed
None found in the documents listed.
- Number of people trained in or using AI
over 5,000
This partnership has enabled over 5,000 people in our business to access AI with Gemini Enterprise and has helped deliver immediate benefits, including:
Annual Report to shareholders, PDF page 18 - Workforce reduction in the same period
$8.1 million
This ratio has been adjusted to exclude the impact of redundancy costs before tax (FY26: $8.1 million, FY25: $8.0 million, 2H26: $3.5 million, 1H26: $4.6 million).
Annual Report to shareholders, PDF page 57 - Connects AI to the workforce reduction
Did not connect them
None found in the documents listed.
Documents read
Annual Report to shareholders. Annual report, lodged 24 August 2026, 287 pages.
AI terms found: 31. Not counted (job titles and team names): 4. Counted: 27.
2026 Annual General Meeting - CEO & MD's Address. AGM address, lodged 20 October 2026, 3 pages.
AI terms found: 1. Not counted (job titles and team names): 0. Counted: 1.
2026 Annual General Meeting - Chair's Address. AGM address, lodged 20 October 2026, 4 pages.
AI terms found: 0. Not counted (job titles and team names): 0. Counted: 0.
BEN FY26 Results Presentation. Results presentation, lodged 24 August 2026, 79 pages.
AI terms found: 8. Not counted (job titles and team names): 2. Counted: 6.
Coded on 25 October 2026.
Corrections, citation and licence
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Cite as
Changing Careers, AI in the annual report: what the ASX 200 told shareholders about AI and their workforce, 5 November 2026, https://changingcareers.com.au/ai-in-the-annual-report. CC BY 4.0.
Our coding (every column of both CSVs except the quote) is free to reuse under CC BY 4.0. Quotes are the companies' own words, reproduced with their source for reporting and review, and are not ours to licence. CC BY 4.0
Coding by Changing Careers from each company's own annual report, results documents and AGM addresses, as lodged with the ASX. Quotes are the companies' words.
Last updated 5 November 2026.