Investor Presentaiton
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RETAIL BANKING OVERVIEW¹
IMPROVED PERFORMANCE FOR BOQ BLUE AND CONTINUED MOMENTUM FOR VMA
SUMMARY
•
The housing momentum generated at the end of FY20 has
translated into positive lending growth across VMA and BOQ
Retail
Successful turnaround in the BOQ Blue brand
Second phase of VMA digital bank incorporating home loans
and term deposits and BOQ brand digital bank capabilities well
progressed
ME BANK - STRATEGICALLY AND FINANCIALLY
COMPELLING
$25bn GLA
$18bn Deposits
c.580k Customers
✓ Enhanced scale
✓ Broadly doubling the retail bank
✓ Providing geographic
diversification
Common cloud
based technology
platform
✓
Upgrade to v.18 of Temenos
completed, customer
migration commenced
BOQD
GROUP
IMPROVED HOME LENDING GROWTH ($M)¹
1,684
581
795
46
(50)
459
1,103
489
225
336
(443)
(275)
1H20
2H20
1H21
2H21
Net Growth
VMA
BOQ Retail
SOLID DEPOSIT FUNDING ($BN)²
+7%
18.6
17.2
17.4
15.8
2.2
1.8
2.0
Attractive financial
1:8
2.0
2.2
2.5
outcomes
6.8
7.8
8.4
9.2
5.7
✓ Due diligence assumptions
5.6
validated
✓ Synergies accelerated and
expected to be delivered by
end FY233
1H20
2H20
4.8
1H21
4.7
2H21
■Term Deposits Savings & Investments Transaction Accounts ■ Offsets
(1) Excluding ME Bank. BOQ Retail Bank home lending growth includes VMA plus BOQ Retail. Home lending growth includes a reclassification relating to a
transfer of loans from BOQ Business Banking to Retail Banking reflecting customer segmentation changes. Prior periods have been restated.
Bank of Queensland Limited 2021 Full Year Results Presentation (2) Excluding ME Bank
(3) By the end of FY23 on an annualised run-rate basis
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