NCEL Annual Reports

Nightcliff Community Enterprises Limited (NCEL) Annual reports are the Financial reports of the company which operates the Nightcliff Community Bank branch of the Bendigo Bank as a franchise of Bendigo Bank.

Plaque commemorating the Branch openingA Plaque commemorates the Branch opening

 Reports for the past six years are available here as PDF files, the 2019 Chair  report is printed below for convenience.

2019 Financial Report

2018 Financial  Report

2017 Annual Report

2016 Annual Report

2015 Annual Report

2014 Annual Report

Chairman's Report

As noted at last years AGM, the 11th year of operation of our branch began in September 2018, which was celebrated with a donation of $1000 to each of 10 different local organisations.

It also provided a timely reminder of the purpose and vision of the people who provided the time and funding to enable the establishment of the branch in the first place.
When the first community banks were established in Victoria over 20 years ago, the driving force was the extensive closures of bank branches operated by "the big four" which threatened the viability of many smaller towns. And along with the anticipation of profits being reinvested in the local community, this was a major part of the reason for the establishment of the Nightcliff Community Bank. And I'm sure we have all noticed the continued closure of other bank branches throughout the Darwin area.

We have also seen significant technological changes over those years which have changed the way we handle our finances and money. Who would have thought 20 years ago that it would become normal practise to pay for a cup of coffee with the tap of a card? And we know that change is continuing, inevitable and occurring at an increasing rate. The board and staff continue to work with Bendigo Bank and other Community Banks to make the best use of changing technologies.

However in these changing times, the purpose of our community bank remains the same; to provide local banking services and to provide a financial return to both our shareholders and the local community.
As outlined in Jeff's Managers report, the past year has been a successful one, even with the challenges the Darwin economy has faced. As well as significant support for local community groups, a dividend of 5c per share was paid to Nightcliff Community Enterprises Limited shareholders.

I would like to thank all the people who have made this possible, our shareholders and customers who actively promote the benefits of a Community Bank, the staff at Bendigo Bank who work with us, especially Anthony Heinrich and Leslie Mpeshi the board members who volunteer their time and in particular the staff who are our most important connection with customers and community. Jeff, Shannan, Lyn, Kaye and Pooja have all shown a true commitment to the vision of the bank in their dedication during working hours and volunteering their time at events such as the Seabreeze Festival and other community events.

Finally I would ask you all to join with me in thanking Branch Manager Jeff Watson for his 10 years of outstanding service to the Branch and to the community.

Community donations to celebrate 10 years10 Community organisations received a donation to celebrate 10 years of community banking
Nightcliff Community Bank Branch, 40 Progress Drive NightcliffNew window dressings to celebrate 10 years of operation.


Keep up with the news  with a subscription to
Nightcliff Community  Newsletter

Community Projects

Some of the support projects undertaken by the four NT Community Banks are listed below.

You can help develop more community support simply by using the services provided by your local Bendigo Bank Community branch.

NT Teen FashionNTeen Fashion Festival 2019. It offers opportunities for the Youth of the Northern Territory to engage, learn and grow
Nightcliff Community Toy donations to RDH 2019Nightcliff Community Toy donations to RDH 2019
providing a new scoreboard for the TigersNew Tigers scoreboard
Open Category Winner 2015Open Category Winner 2015
Supporting Nightcliff Youth
Nightcliff Community Bank Manager with netball girls.Netball 2016
Darwin HospiceDarwin Hospice