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BOQ on Wednesday reported fiscal 2023 cash earnings that fell 3.8% short of the average analyst forecast, according to data compiled by FactSet. A full-year net interest margin of 1.69% was also ...
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.
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 ...
BoQ has had a rough year, with statutory earnings falling 70 per cent to $124 million, getting hit with enforceable undertakings from two regulators, and announcing plans to slash 400 staff by 2026.
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 ...
Bank of Queensland is raising the funds via a $1 billion underwritten 1 for 3.34 accelerated pro-rata non-renounceable entitlement offer and a $350 million underwritten institutional placement.