Fit and focused – BOQ on Course for a Return to Sustainable Profitable Growth
In line with guidance provided to the market on 4 October 2012, BOQ today confirmed a statutory full year loss after tax of $17.1m for 2012, due to increased provisions and one-off legacy expense items.
Statement From BOQ re: Mortgage Offset Interest Refund
BOQ has recently identified that a limited number of home loan customers with their home loan linked to a 100% Offset Transaction Account, have not received the full benefits as described in the product terms and conditions
Bank of Queensland (BOQ) Chairman Neil Summerson today announced the intention of Director John Reynolds to not seek re-election at this year’s Annual General Meeting in the usual course, but to retire from the Board effective that day.
Banking on our Kids Appeal Pays off for Sick Children
Chocolate and popcorn fundraisers, family fun days, movie nights, lolly games, public flash mob performances and even working in pyjamas and clown costumes have all been part of the job for BOQ staff in their fundraising efforts for the Bank’s annual Banking on our Kids Appeal this year.
Bank of Queensland has declared a fully franked dividend for the Perpetual Equity Preference Shares (ASX Code BOQPC) of 4.3447 per cent per annum for the period from and including 16 April 2012 (Last Dividend Payment Date) to but excluding 15 October 2012 (Dividend Payment Date) being a period of 182 days.
Bank of Queensland Limited (“BOQ”) has, with APRA’s approval, given notice to the holders to redeem the A$45 million second tranche of its privately placed A$150 million Lower Tier 2 Convertible Notes (“Convertible Notes”) issued in June 2010.
Further to the statement made on 27 June 2012, BOQ has subsequently received a revised offer from Goldman Sachs to buy four loans with a face value of $156m from the non-performing commercial property loan portfolio, which has been accepted.
BOQ’s Series 2012-1E REDS EHP Trust ABS Oversubscribed to A$700 Million
“Strong investor demand for BOQ’s Series 2012-1E REDS EHP Trust ABS resulted in the transaction being upsized from A$500 million to A$700 million and demonstrates the funding diversity that BOQ has through the REDS EHP ABS program,” BOQ Managing Director Stuart Grimshaw said today.
BOQ Receives Strong Support From Retail Shareholders and Successfully Completes the Retail Component of its $450 Million Equity Raising
Bank of Queensland Limited (“BOQ”) is pleased to announce the successful completion of the retail component of the accelerated 8-for-37 pro-rata non-renounceable entitlement offer (“Entitlement Offer”).
BOQ Makes its Move into Agribusiness With a new Appointment
BOQ is not wasting any time after flagging its move into the Agribusiness market last month, announcing the appointment of Doug Snell to the position of General Manager Business Banking and Agribusiness.
BOQ Sets the Foundations for Growth Despite Interim Loss Confirmation
In line with guidance provided to the market on 26 March 2012, BOQ today confirmed underlying profit growth, but increased provisioning for troublesome property loans, which resulted in a statutory loss after tax of $90.6m for the first half of FY2012. BOQ Managing Director and CEO Stuart Grimshaw said the foundations had now been set for promising organic growth for BOQ.
BOQ Successfully Completes the Institutional Component of its $450 Million Equity Raising
Bank of Queensland Limited (“BOQ”) is pleased to announce the successful completion of the institutional component of its fully underwritten equity raising, having received very strong support from BOQ’s existing institutional shareholders and new investors. The offer price for the new ordinary shares (“New Shares”) under the institutional equity raising is $6.05 per New Share.
Following increasing speculation regarding interest rate movements, BOQ would like to reassure customers that we are holding our standard variable interest rate steady, regardless of competitors’ movements, until the next RBA meeting.
The days of Aussies stashing large wads of currency in socks, down pants, up jumpers or under caps to avoid excessive ATM fees when travelling overseas are numbered thanks to the upcoming launch of a new MasterCard® Cash PassportTM product by BOQ.
Responding to Moody’s downgrade of BOQ’s rating from A2 to A3, BOQ Managing Director and Chief Executive Officer Stuart Grimshaw said “While we are obviously disappointed that Moody’s has chosen to downgrade the Bank’s rating, we remain focused on offering our customers a unique and personal banking experience.