BOQ acquisition expands ATM fleet


Bank of Queensland has continued to expand its ATM fleet, the second largest bank-owned fleet in the country, with the announcement today of its acquisition of a fleet of 116 ATMs.

 

BOQ acquired the ATM contracts from Autocash Systems Australia. The acquisition, which was finalised on Monday, January 31, adds 116 ATMs to BOQ’s existing fleet of more than 2150 machines and cost the Bank just over $800,000.

 

Managing Director David Liddy said the acquisition was another step in the Bank’s continued strategy to increase its footprint both within its home state of Queensland, and across Australia.

 

“With 18 interstate branches already open, a network of 137 branches in Queensland and now a total of 2275 ATMs across the country, including more than 1400 branded BOQ, we have made huge strides to broadening our reach,” Mr Liddy said.

 

“These new ATMs are primarily in New South Wales, strengthening our position in that State, which is also one of the prime focuses of our interstate expansion. This will bring total ATMs in NSW to more than 450, with another 500 in Victoria and 550 in Queensland,” Mr Liddy said.

 

“This gives us a strong ATM network and excellent coverage of the eastern seaboard. As our prime branch expansion targets are NSW and Victoria, this is an important step in our future growth,” he said.