Bank of Queensland
Bank of Queensland (BOQ) is a company engaged in the provision of financial, banking and related services. It operates network in New South Wales, Queensland, ACT, Victoria, Western Australia and Northern Territory. BOQ was listed on the Australian Stock Exchange on the 24th of August 1971. Its average annual revenue reaches approximately AUD$500 million. Its headquarters is located in Brisbane, Australia. Bank of Queensland operates mainly in two business division: personal banking and business division.
The Reserve Bank of Australia's resolve to cap inflation by raising interest rates has been met with concerns from business leaders. David Liddy, Bank of Queensland (ASX:BOQ) chief, has warned that an interest rate hike would hurt the economy even more.
Liddy said that Queensland's economy was already at its lowest point because of stagnant tourism and falling real estate values.
Bank of Queensland's (ASX:BOQ) profits was down to 45 percent to $50.4 million for half of the year to February 28 from last year's $97.2 million as the lending institution was beset by increase of bad debts. Cash profit fell 41 percent to $57.6 million due to recent floods and cyclones in Queensland.
Bank of Queensland (ASX:BOQ), have reported that its annual net profit is up 27 percent on release of its full year results. On Thursday, BoQ announced that net profit for its fiscal year ending on August 31 2010, was $179.6 million, up from $141.1 million in the previous year.
Study the historical dividends for BANK OF QUEENSLAND LIMITED.. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive BOQ dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the BOQ dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Bank of Queensland (BOQ) took a hit right at the beginning of the New Year as thousands of Eftpos machines stopped processing sales after the internal clock jumped six years to January 1, 2016 due to a glitch within the system. The machines were not processing any debit or credit cards as the system was considering all the credit cards and Eftpos as expired due to the “time confusion”.
Bank of Queensland (BOQ), a company that operates in the provision of financial, banking and related services in Victoria, New South Wales, Queensland, Northern Territory, ACT and Western Australia was the worst performer in the ASX100 list that lost 8.05 percent or 91 cents to its stock price closing the week at $10.39.
The Australian Banks underperformed the market by 0.7%.The Macquarie Research Equities (MRE) highlights about the Australian Banking Sector Impacts.
Which Banks to Support?
The Australian Banks underperformed the market by 0.7% last week, yet still trade well below their November 2007 highs. Macquarie Research Equities (MRE) highlight their sector picks as WBC and CBA given stronger balance sheets, low risk loan portfolio’s and lower exposure to offshore earnings. MRE assess the week in passing and reaffirm their sector guidance…
Here is an Australian banking sector update from Australian market analyst UBS.
Labor Govt keeps the Four Pillars Policy
Rudd Government is committed to the four pillars policy:
Here is an update on Australian Banking Sector from market analyst Macquarie Research Equities.
Credit growth, goodbye to the highs
April credit growth 0.4%: business 0.1%, personal 0%, housing 0.7%:
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
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- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
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- Rio Tinto
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- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)