Bank of Queensland’s Financial Performance
Shares in Bank of Queensland (BoQ) rose 4.7% to $6.81 despite the bank warning of an expected increase in bad loans due to economic uncertainty. For the six months ending February, BoQ reported total income of $793 million, slightly lower than the previous year, but post-tax cash earnings rose 6% to $183 million, surpassing expectations. The bank completed the conversion of its branches and declared an interim dividend of 18¢ per share, while acknowledging challenges from rising costs and interest rates affecting loan impairments.
