Bank of Queensland Ltd

BOQ: XASX (AUS)
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Bank of Queensland: Equipment Finance Partnership Not Material to Fair Value

Bank of Queensland is partnering with Challenger to shift AUD 3.7 billion of equipment finance loans onto the investment manager's balance sheet. The move is expected to free up about AUD 300 million in capital for Bank of Queensland, which it intends to use on share buybacks and a special dividend.

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