February 10, 2019 / 9:59 PM / 6 days ago

Australia's Bendigo and Adelaide Bank H1 profit hurt by lower margins

Feb 11 (Reuters) - Australian mid-sized lender Bendigo and Adelaide Bank Ltd said on Monday its first-half cash earnings fell over 2 percent, hurt by a dent in margins because of higher funding costs in both term deposits and wholesale markets.

Cash earnings - which exclude one-off gains or losses - for the six months ended Dec. 31 fell to A$219.8 million ($155.8 million) from A$225.3 million a year ago.

The bank declared an interim dividend of 35 Australian cents per share, the same as the previous corresponding period.

$1 = 1.4104 Australian dollars Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Stephen Coates and Peter Cooney

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