Investor Presentaiton
Revenue and portfolio quality
FY22 focus on quality growth with NIM momentum in Q4
BOQ GROUP
Optimising NIM through the cycle
> 2H22 NIM up 1bp to 1.75%
> Fixed rate lending applications elevated through 1H22 have
now returned to normalised levels
> Liquidity continuing to reduce NIM due to CLF impact and
lower yields, but NII impact remains small
> Revenue tailwinds from quality loan growth and the return of
ME to growth, and strong Q4 NIM
Quality portfolio growth
> Business and housing loans backed by collateral, with minimal
cash flow lending in the business bank
> Home loan customers ahead on repayments with buffers in place
> Specialist bankers, credit officers and owner managers clear
understanding of niche segments credit risk facilitating the pivot
towards higher quality SME lending
> High quality loan origination, with housing portfolio LVR >90%
representing c.3% of loans, with flows c.1%. Flow of home loans
with LVR >80% reduced from 23% to 11%²
› Completed deep dive into fixed home loan maturity impacts and
construction exposures - providing comfort of portfolio quality
> Provisioning levels strong with improving arrears - well
positioned going in to a more challenging economic environment
(1)
Flows relate to FY22
BANK OF QUEENSLAND LIMITED 2022 Full Year Results Presentation
(2) 23% relates to FY21, 11% in FY22
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