BOQ cuts payouts

  1. 16,963 Posts.
    BOQ has had a 8% fall in profit and is cutting its dividend payouts.

    And so it begins. Westpac has had an increase in bad loans.

    Bank of Queensland has cut its payout after an eight per cent slide in first-half cash earnings to $167 million, with the lender admitting its performance had missed expectations despite wider industry disruption.

    Over recent times Westpac Bank (WBC) has been underperforming the Australian equity market; since 2015, WBC’s share price has fallen 30% whereas the ASX200 has gained 3%. The poor performance period coincides with APRA’s release in 2014 of APG 223 - Guidelines for Residential Mortgage Lending.
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