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Bank of Queensland Ltd - Stock Quote BOQ

Rating as of

Morningstar's Bank of Queensland Ltd Stock Analysis

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Economic Moat

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Capital Allocation

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Bank of Queensland Uncertainty Rating Upgraded to Medium

Nathan Zaia Senior Equity Analyst

Business Strategy and Outlook

| Nathan Zaia |

Bank of Queensland is one of Australia's top-10 largest banks, but is considerably smaller than the four major Australian banks. Preceding the global financial crisis, the bank grew aggressively via acquisitions and the rollout of its distinctive owner-manager branch franchise model. However, expanding the branch network and diversifying away from traditional residential lending came at a cost, with additional equity required to fund growth, significantly increased bad debts, and multiple banking systems, which resulted in deteriorating cost/income and returns on equity.

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Key Statistics - BOQ

Bank of Queensland Ltd's Company Profile

Business Description

Bank of Queensland, or BOQ, is an Australia-based bank offering home loans, personal finance, and commercial loans. BOQ operates both owner-managed and corporate branches, and is the owner of Virgin Money Australia and Me Bank. Its BOQ business includes the BOQ branded commercial lending activity, BOQ Finance and BOQ Specialist businesses. The division provides tailored business banking solutions including commercial lending, equipment finance and leasing, cash flow finance, foreign exchange, interest rate hedging, transaction banking, and deposit solutions for commercial customers.

Contact
100 Skyring Terrace, Level 6
Newstead, QLD, 4006, Australia
T +61 732123333
Industry Banks - Regional
Most Recent Earnings
Fiscal Year End Aug 31, 2021
Stock Type
Employees 3,172