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.

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 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 ...

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 ...

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 ...

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 ...

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’s last accounts show its first-half net interest margin was at 1.55 per cent, down from 1.58 per cent on the same period a year earlier. Its closest peer, Bendigo, returned 1.83 per cent and ...

This was published 1 year ago. BOQ profits stifled as inflation, higher funding costs shred margins. By Sumeyya Ilanbey. April 17, 2024 — 5.45pm. Save. Log in, register or subscribe to save ...

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 ...