Bank of Queensland executive chairman Patrick Allaway has sought to allay market concerns over the swift removal of former chief executive George Frazis.
Seemingly the board had been prepared to indulge George Frazis’ eccentricities because his quest to light a fire under the bank’s growth strategy had shown signs of waking the sleepy regional bank and dragging its IT into the modern era.
BOQ chairman Patrick Allaway says the board did not want George Frazis to be a “lame duck CEO” while the board searched for a new chief executive.
Stronger-than-expected margins in the Bank of Queensland’s annual results provided investors with early insight into how higher interest rates will affect bank bottom lines.
BoQ chief George Frazis says buying ME Bank for $1.325 billion will give the lender the technology,scale and diversity it needs to more aggressively take on the big four
Bank of Queensland chief executive George Frazis has warned against restricting people's movements to contain coronavirus until a vaccine is available.
Bank of Queensland is seeking to raise $275 million to help fund a strategic overhaul set out by new chief executive George Frazis.
Bank of Queensland has cut the amount of information it will require lower-risk home loan applicants provide about their living expenses.
The new head of BoQ grew up in a housing commission rental property in Darwin,before climbing the banking corporate ladder.
The incoming chief executive of Bank of Queensland will face pressure to turn around its retail banking business in a bid to lift returns.