Brief: Bank Of Queensland Posts FY23 Net Interest Margin Of 1.69%

Bank of Queensland

10/10/2023 22:41

Oct 11 (Reuters) - Bank of Queensland Ltd  BOQ.AX :
    * FY23 NET INTEREST MARGIN 1.69%
    * ANTICIPATE INCREASING RISK INTO FY24 DUE TO ELEVATED COST
OF
LIVING, LAGGED IMPACT AND SUSTAINED HIGHER INTEREST RATES
    * ANTICIPATE CONTINUED REVENUE AND MARGIN PRESSURE TO
CONTINUE IN
FY24 FROM SLOWER CREDIT GROWTH AND COMPETITION
    * ANTICIPATE THAT MORTGAGE PRICING WILL NEED TO ADJUST AT
SOME
POINT TO PROVIDE RETURNS ABOVE BANKS’ COST OF CAPITAL
    * COMMON EQUITY TIER 1 RATIO 10.91%, AS AT FY END

Source text for Eikon:  ID:nASX7QNNG7 
Further company coverage:  BOQ.AX 

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