Bank of Queensland has continued its aggressive expansion, opening new branches in both the Northern Territory and Western Australia.
BOQ, which already has a strong presence in Queensland, New South Wales, Victoria and the ACT, has officially opened the two new branches over the past couple of weeks.
The branches, in Darwin (NT) and Subiaco (WA), will both be owned and managed by experienced local business people.
Managing Director David Liddy said that the success of the Bank’s interstate growth hinged on the quality of Owner-Managers the Bank attracted.
“The success of our Owner-Managed Branches relies on the local bankers like Cameron Blair and Mathew Cabot in Darwin, and Tania Watton in Subiaco, who decide to partner with us and offer their communities something different,” Mr Liddy said.
Mr Liddy also said Bank of Queensland’s ongoing expansion across Australia, particularly into under-serviced communities like the NT, was central to its growth strategy.
“For many years, smaller communities have been given short shrift by the big banks, who have focused on larger, more populated markets,” Mr Liddy said.
“We hope we have started to reverse that trend with this, the first of many Northern Territory branches and with this new branch in Subiaco. We already have more than 80 ATMs throughout the Territory and 150 in Western Australia and hope that, as we expand our presence further, we can build and grow with these communities”.