Bank of Queensland
Bank of Queensland Ltd (BOQ) is one of the leading regional banks in Australia. With over 1.4 million customers and around 3,100 employees, it operates through an extensive network of branches and ATMs in Queensland, New South Wales, Victoria, Australian Capital Territory (ACT), Western Australia, Northern Territory and Tasmania. BOQ's network includes 125 owner-managed branches, 22 corporate branches, 7 transaction centers, about 18,000 accredited brokers and over 2,100 ATMs. The company provides savings and investment accounts, personal and home loans, car loans, debit cards, low rate and low fee Visa credit cards, wealth management, self-managed superannuation funds (SMSFs), mobile, phone and internet banking as well as motor, life, home, travel and commercial insurance. It also offers small business banking, farm management deposit accounts, solicitor trust and real estate trust accounts, business loans, banking for medical professionals, equipment and vehicle finance, dealer finance, merchant and payment solutions, export and import services, international money transfers, foreign exchange and more. Founded in 1874 as The Brisbane Permanent Benefit Building and Investment Society, BOQ is one of the oldest banking institutions in Australia. In 2010 - 2014, BOQ acquired Australian and New Zealand divisions of CIT Group, St Andrew's Insurance, Virgin Money Australia and Investec Bank (Australia) Ltd. In July 2021, BOQ acquired ME Bank, a branchless retail bank based in Melbourne. Currently, ME Bank operates as a distinct brand within BOQ Group. In October 2021, BOQ completed the sale of St Andrew’s Insurance division to Farmcove Investment Holdings.
For the year ended 31 August 2023, Bank of Queensland reported statutory net profit after tax of $124 million, total assets of $105 billion, customer deposits of $67 billion, gross loans & advances of $81 billion and total equity of $6.1 billion. The company's market capitalization was over AUD 4.2 billion at April 1, 2024.
BOQ Brands:
Virgin Money Australia
BOQ Specialist
BOQ Finance
ME Bank
BOQ Credit Ratings:
Moody’s: Baa1/P2/Stable
Fitch: A-/F2/Stable
Standard & Poor's: BBB+/A2/Positive
Ratings as of March 2024
Head office address:
Level 6, 100 Skyring Terrace
Newstead QLD 4006
Australia
Website: www.boq.com.au
Phone number: +61 7 3212 3333
Customer Service: 1300 55 72 72
International Call: +61 7 3336 2420
ABN: 32 009 656 740
BSB number: 124-001
Australian Credit Licence: 244616