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BOQ a Buy on impaired loan sale
Deutsche Bank reaffirmed its Buy recommendation on Bank of Queensland last week, after BOQ announced the sale of a portfolio of non-performing loans. In February, BOQ had announced plans to sell A$230 million of commercial property loans. At the end of June it said the sale would not go ahead, ... MoreWhat the analysts are saying: business lending recovery will lift banks
Sell-side analysts have taken a more positive view of the business credit market following the release of the latest lending data. Business credit, reported by the Reserve Bank, rose by 0.3 per cent in February and increased by 0.7 per cent in both March and April, lifting annual growth to 2.3 ... More
By John Kavanagh
Published on Tuesday, 12 June, 2012
Filed under analysts, ANZ, CBA, NAB, Westpac, Suncorp, Bendigo and Adelaide, BoQ, business lending
Bank of Queensland prepared to lose margin in return for deposit growth 
Bank of Queensland will offer a pricing premium of around 10 basis points on term deposits in order to maintain above-system growth in its deposit book and attain its target retail funding level of 63 per cent.
The bank yesterday provided a fresh view of the composition of its funding in a ... More
What the analysts are saying: support for BOQ's equity raising
Macquarie Securities has downgraded Bank of Queensland to Underperform, after the bank's capital-raising and provisioning announcements last week. Macquarie's view is that there is "significant uncertainty around the BOQ model and earnings outlook." Citi – the adviser to BOQ on its present ... MoreGrimshaw cleans house at BOQ
Bank of Queensland is seeking to sell $450 million in new shares, equal to more than a third of its capital base, after announcing a loss for the half year to February 2012 today.
The bank published a simplified version of its six-month profit today alongside a timetable for the capital raising, ... More
Moody's cuts Bank of Queensland rating
Moody's Investors Service cut the long term credit rating of Bank of Queensland to A3, from A2. The credit ratings agency said the outlook remained negative for the bank's rating. Moody's placed BOQ's ratings on review for possible downgrade in October. It justified its rating action on a ... MoreWhat the analysts are saying: buy the yield
Bank stocks lost ground in 2011 but at least they traded above the market index, the S&P/ASX 200. Analysts and equity strategists are extremely cautious about the outlook for 2012 but they do like the high dividend yields that banks offer. Commonwealth Bank started the year around the $51 mark ... More
By John Kavanagh
Published on Thursday, 22 December, 2011
Filed under ANZ, Commonwealth, NAB, Westpac, BOQ, Bendigo and Adelaide
Bendigo elevated, BOQ cut by S&P
Ratings agency Standard & Poor's sketched out some of the capital-raising prospects of several regional and niche banks in the course of publishing revised ratings on more Australian banks.
Bendigo and Adelaide Bank
Bendigo and Adelaide Bank finally received the upgrade to its credit rating that ... More
What the analysts are saying: deposit competition heats up
Term deposit spreads, relative to wholesale rates, "turned against the banks" in October and November, according to Macquarie Research analysis. Macquarie analyst Michael Wiblin issued a note last week showing that, with a few exceptions, the Big Four banks, as well as Bank of Queensland and ... More
By John Kavanagh
Published on Monday, 12 December, 2011
Filed under ANZ, Commonwealth, NAB, Westpac, BOQ, Bendigo and Adelaide, deposits
Regionals struggle to produce sustainable return on equity
The build-up in capital adequacy by Australian banks in anticipation of new regulatory requirements is having a much bigger impact on the returns of regional banks than on the majors.
A KPMG study of the financial performance of regional banks over the past year, released last week, shows a ... More
By John Kavanagh
Published on Monday, 21 November, 2011
Filed under BoQ, Bendigo & Adelaide, Suncorp
