BOQ's owner-manager bank branch distribution is a core strength, but large peers dominate.
With funding costs likely to rise and competition intensifying, we believe Bank of Queensland will have a hard time expanding net interest margins, or NIM. Morningstar lowered NIM expectations for the Australian major banks recently, and see we Bank of Queensland as also being impacted by this sectorwide thematic. With bad debts likely to rise off cycle lows, an expectation of falling NIM and increasingly uncertain economic conditions, we foresee Bank of Queensland lowering its dividend payout r...Bank of Queensland is involved in providing retail banking, leasing finance, and insurance products, to its customers. Co. operates in two segments, Banking and Insurance. The Banking segment is engaged in retail banking, commercial, personal, small business loans, equipment, debtor finance, treasury, savings and transaction accounts. The Insurance segment is engaged in customer credit insurance, life insurance, accidental death insurance, funeral insurance and motor vehicle gap insurance. As of Aug 31 2016, Co. had total assets of $50.85 billion and total deposits of $36.72 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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