Bank of Queensland: Strategy and Sustainability Amid Challenges

Bank of Queensland Limited (AU:BOQ) has released an update.

Bank of Queensland marked its 150th anniversary with significant strategic shifts aimed at simplifying operations and improving customer experiences. Despite facing challenges such as high inflation and market competition, the bank managed a CET1 ratio of 10.7% and returned $250 million to shareholders through dividends. Additionally, BOQ is enhancing its digital security measures and compliance frameworks while committing to environmental sustainability by sourcing all electricity from renewable sources.

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