Regional Banks Are Well Placed to Meet APRA's Higher Capital Requirements; FVEs Unchanged
The release of the Australian Prudential Regulation Authority’s "unquestionably strong" regulatory capital requirements for banks and other authorised deposit-taking institutions is a good outcome. It has reduced uncertainty around higher capital requirements and provides a sensible timeline. Our fair value estimates for Bendigo and Adelaide Bank (AUD 11.50), Bank of Queensland (AUD 11.50), and Suncorp Group (AUD 12.00) are unchanged.Australia's regional banks, which use the standardised approa...
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.
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