Bank of Queensland Ltd. has agreed to buy ME Bank from Australian pension funds for US$1.04 billion, and said it would fully fund the deal with an underwritten capital raising.

Fiscal year is September-August. All values AUD Millions. 2024 2023 2022 2021 2020 5-year trend; Total Cash & Due from Banks: 2,574: 2,148: 2,048: 2,059: 983 ...

BoQ chief George Frazis says buying ME Bank for $1.325 billion will give the lender the technology, scale and diversity it needs to more aggressively take on the big four.

Treasurer Josh Frydenberg has approved Bank of Queensland’s $1.33 billion takeover of ME Bank amid what analysts say is a revival in regional bank fortunes.. Treasurer Josh Frydenberg approved ...

The net interest margin (NIM) will fall from 1.97 per cent in the first half of 2018 to between 1.93 per cent and 1.95 per cent this period. BOQ said underlying asset quality trends "remain sound ...

Bank of Queensland (ASX:BOQ) investors are sitting on a loss of 2.1% if they invested three years ago [email protected] (Simply Wall St) Thu, Jan 9, 2025, 5:15 PM 3 min read ...

Regional lender Bank of Queensland is the first bank to move after today's cut in the Reserve Bank's cash rate, but has held back some of the easing.

BoQ is expected to raise $1.35 billion from institutions and retail shareholders at a discount of about 11 per cent to the stock’s theoretical ex-rights price. The bank, led by former Westpac ...

SYDNEY: Bank of Queensland Ltd (BoQ) will buy ME Bank, a digital lender owned by 26 industry pension funds, for A$1.33bil (US$1.05bil), the pair said, as the second-tier lender chips away at the ...

The Bank of Queensland (BOQ) has completed its acquisition of Members Equity Bank (ME Bank) for a cash consideration of $1.325 billion, passing ownership from the industry super funds. The acquisition ...

At the current BOQ share price, this represents a grossed-up dividend yield of 10.1%. It's true – Bank of Queensland is currently projected to pay a double-digit grossed-up dividend yield to ...