Brief: Bank Of Queensland Says To Now Simplify Its Retail Distribution Channels

Bank of Queensland

22/08/2024 02:27

Aug 22 (Reuters) - Bank of Queensland Ltd  BOQ.AX :
    * TO NOW SIMPLIFY ITS RETAIL DISTRIBUTION CHANNELS
    * INITIATIVES WILL STREAMLINE DISTRIBUTION CHANNELS, FOCUS
GROWTH
INTO BUSINESS BANK, AMONG OTHERS
    * WILL CONVERT ALL 114 OF ITS OWNER MANAGED BRANCH NETWORK
TO
CORPORATE BRANCHES
    * DECISION AND CONVERSION IS EXPECTED TO BE COMPLETED IN
MARCH
2025
    * EXPECTS COST OF CONVERSION TO BE IN RANGE OF A$115M -
A$125M
PRE-TAX

Further company coverage:  BOQ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))