Investor Presentaiton

For personal use only MACRO ECONOMIC ENVIRONMENT ECONOMIC ENVIRONMENT TO IMPROVE BUT UNCERTAINTY TO REMAIN MACRO ECONOMIC The economy should rebound strongly from the lockdowns. The likelihood of ongoing COVID cases creates uncertainty about the outlook Some restrictions (notably on international people movement) are likely to be in place for at least the next year Fiscal and monetary policy response continues to underpin the recovery BOQD GROUP CONSUMER Consumer confidence has taken a hit from the lockdowns although households remain upbeat about the medium term Demand for workers remains solid. Any rise in the unemployment rate from the recent lockdowns is likely to be limited Very low interest rates and a recovering economy has resulted in strong house price growth The large build-up of household savings will play an important role in the economic outlook Bank of Queensland Limited 2021 Full Year Results Presentation • BUSINESS . • Business short-term confidence in the economy has taken a knock although investment and hiring intentions remain reasonable Conditions are mixed across sectors and regions The COVID-19 restrictions are proving a challenge for some SME's Agribusiness continues to do well Expectations of reasonable economic growth, low interest rates and government incentives have underpinned a rise in business lending 63

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