The Bank of Queensland or BOQ, as it's conveniently named, is among the Australian state's oldest monetary institution. This banks headquarters is in Brisbane. BOQ is really a retail bank whose network is composed of roughly 250 branches: 152 situated in Queensland, 52 situated in New South Wales, 23 within the Victorian state and 34 in Western Australia region.
From BOQ's establishment 136 years ago, it really is now amongst the best 100 countries in Australia. By aggressively escalating making use of its quite own distinct Owner-managed Branch model, BOQ has been able to reach a national level in 2007 and these days has branches in all Australian states and territories.
In 1874, when the bank was established, BOQ was then called The Brisbane Permanent Benefit Developing and Investment Society and is regarded as the foremost permanent developing society conceived in Queensland. Additional than ten years later in 1887, the Society was incorporated and turned into a bank.
The institution was compounded using the City and Suburban Creating Society in 1921, with Queensland Deposit Bank in 1931. In 1942 when it became a trading bank total having a just received license.
Virtually 3 decades later in 1970, the bank has been named as to what we now know, Bank of Queensland. Using the new name also comes a computerized operation. Following a year, this bank became publicly listed on the Australian Stock Exchange.
BOQ incorporated the Bank of Queensland Savings Bank as its totally owned subsidiary in 1982. In 1985, BOQ's very first regional branches in Cairnes and Townsville had been opened. Then in 1991, BOQ got hold of Stowe Electronic Switching Pty Ltd which was later renamed to Queensland Electronic Switching Pty Ltd. Roughly ten percent of BOQ's shares was bought by the Bank of Hawaii in 1999.
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In the course of 2001, Bank of Hawaii traded its 6.2mn shares and five.4mn convertible notes to BOQ to be able to redeploy operations in Hawaii. It was in 2003 when BOQ obtained UFJ bank's equipment financing enterprise in Australia and New Zealand together with the ATM Solutions that accounted for BOQ to have the second largest ATM network in all of Australia. Nowadays, BOQ has two,500 ATMs. As a result of its obtain of UFJ, BOQ has been recognized as a significant player within the 20 billion dollar equipment financing.
The year 2004 may be the time when the bank opened further branches in New South Wales, Victoria and also the Australian capital Territory. BOQ's status inside the debtor financing market is further strengthened in 2005 when the bank bought ORIX Australia's 78 million dollars worth of debtor finance division.
2006 was the year when BOQ produced a acquire of the Queensland-based Pioneer Permanent Creating Society and opened branches inside the Northern Territory and Western Australia. August 2007, BOQ was able to successfully bid for the Pioneer Permanent Creating Society based in Mackay, with this merging, BOQ had been supplied having a stable industry synergy inside the then growing Central and North Queensland economies. Several months later in November of 2007, a merger proposal was endorsed to BOQ by the members of the Property Constructing Society in Western Australia. This merger proposal was worth 592 million dollar, and via this BOQ produced some 35 further branches in Western Australia and therefore elevated Bank of Queensland's national footprint.
From BOQ's establishment 136 years ago, it really is now amongst the best 100 countries in Australia. By aggressively escalating making use of its quite own distinct Owner-managed Branch model, BOQ has been able to reach a national level in 2007 and these days has branches in all Australian states and territories.
In 1874, when the bank was established, BOQ was then called The Brisbane Permanent Benefit Developing and Investment Society and is regarded as the foremost permanent developing society conceived in Queensland. Additional than ten years later in 1887, the Society was incorporated and turned into a bank.
The institution was compounded using the City and Suburban Creating Society in 1921, with Queensland Deposit Bank in 1931. In 1942 when it became a trading bank total having a just received license.
Virtually 3 decades later in 1970, the bank has been named as to what we now know, Bank of Queensland. Using the new name also comes a computerized operation. Following a year, this bank became publicly listed on the Australian Stock Exchange.
BOQ incorporated the Bank of Queensland Savings Bank as its totally owned subsidiary in 1982. In 1985, BOQ's very first regional branches in Cairnes and Townsville had been opened. Then in 1991, BOQ got hold of Stowe Electronic Switching Pty Ltd which was later renamed to Queensland Electronic Switching Pty Ltd. Roughly ten percent of BOQ's shares was bought by the Bank of Hawaii in 1999.
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In the course of 2001, Bank of Hawaii traded its 6.2mn shares and five.4mn convertible notes to BOQ to be able to redeploy operations in Hawaii. It was in 2003 when BOQ obtained UFJ bank's equipment financing enterprise in Australia and New Zealand together with the ATM Solutions that accounted for BOQ to have the second largest ATM network in all of Australia. Nowadays, BOQ has two,500 ATMs. As a result of its obtain of UFJ, BOQ has been recognized as a significant player within the 20 billion dollar equipment financing.
The year 2004 may be the time when the bank opened further branches in New South Wales, Victoria and also the Australian capital Territory. BOQ's status inside the debtor financing market is further strengthened in 2005 when the bank bought ORIX Australia's 78 million dollars worth of debtor finance division.
2006 was the year when BOQ produced a acquire of the Queensland-based Pioneer Permanent Creating Society and opened branches inside the Northern Territory and Western Australia. August 2007, BOQ was able to successfully bid for the Pioneer Permanent Creating Society based in Mackay, with this merging, BOQ had been supplied having a stable industry synergy inside the then growing Central and North Queensland economies. Several months later in November of 2007, a merger proposal was endorsed to BOQ by the members of the Property Constructing Society in Western Australia. This merger proposal was worth 592 million dollar, and via this BOQ produced some 35 further branches in Western Australia and therefore elevated Bank of Queensland's national footprint.
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