Investor Presentaiton
Term deposits benefiting from lower pricing relative to BBSW,
new money of $1.7bn
Summary
> FY22 term deposit growth of 14%
> 2H22 saw a strategic pivot to term deposits due to relatively low cost of funding
> Favourable carded rates in 2H22 well below elevated BBSW vs normalised rates positioned above BBSW
> Portfolio shifted to longer tenor with c.50% held in terms nine months or greater
> $1.7bn of new money, $1.4bn from existing customers (net of run off)
Term deposit carded rates¹ compared to BBSW (%)
1.80
1.20
BOQ GROUP
Combined Average 0.43%
Oct-20
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
Apr-22
Jul-22
6M
12M
Combined Avg.
0.60
0.00
-0.60
-1.20
-1.80
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
3M
BANK OF QUEENSLAND LIMITED 2022 Full Year Results Presentation
(1) Relates to BOQ Brand
72
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