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Financial Analysis Of Bank Of Queensland

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ABSTRACT

The purpose of this report is to provide a financial analysis of Bank of Queensland (BOQ) taking into consideration its competitive strategic responses, corporate governance and its overall financial performance. The current corporate governance of the bank is discussed in line with ASX CGC principles and recommendations. The financial analysis is conducted through comparing profitability ratios from its annual reports. The results show that BOQ has achieved a strong margin (22%) and shareholder returns (6.3%) and is working towards attaining diversification. It currently has a very minor focus on the sustainability due to low carbon footprint but is thriving to move towards a more sustainable environment. BOQ should create a carbon disclosure checklist (See Appendix 1) to determine the extent to which these variables have on climate change.

1.0 INTRODUCTION

BOQ is one of the oldest retail banks in Australia. It is one of the top 100 ASX listed companies with a market capitalisation of $4.45b . It largely operates with a network of 252 branches including corporate and owner managed branches. It operates predominantly in Queensland and has access to over 3000 ATMs. Its recent acquisition with Investec Bank in July 2014 has contributed a net profit of $19m to the bank. Its current focus is on improving customer satisfaction and expanding its broker channels. The bank is currently looking into progressing its technology of online banking and expand its consumer

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