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BoQ makes $378m profit

Bank of Queensland has lifted its full-year cash profit 5 per cent to $378 million, delivering shareholders a surprise special dividend on stronger second-half lending growth.

CFO Anthony Rose said BoQ's improving mortgage broker volumes helped drive home loan lending up 2 per cent in the second half, despite competition for principal and interest loans and a changing regulatory landscape.

BoQ's first full year of its Virgin Money mortgage offering exceeded expectations, opening another demographic channel and helping the bank's geographic diversification, Mr Rose said.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
454thBank of Queensland-12%13%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

47th↑Bank of Queensland$1,088.0m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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