Key Sydney locations among latest BOQ branch rollout
(7 March 2005 – Australia) Bank of Queensland continues to roll out new owner managed branches at a rapid pace with the bank announcing a raft of new interstate sites.
New Sydney branches will open at World Square, Manly, Maroubra Junction, North Sydney and Hurstville while Charlestown and Tweed Heads South in New South Wales and South Melbourne, Hampton and Ringwood in Victoria will all get BOQ branches.
This will take the number of interstate branches up to 28 with the target set at 100 by August 2006. A new branch in Surfers Paradise opening this month will be the 138th BOQ branch in the bank’s home state.
Bank of Queensland managing director David Liddy said the bank was starting to see strong results from interstate branches that had opened since the expansion began in August last year.
"Approvals for our interstate branches are actually ahead of equivalent Queensland branches at the same time, and we are seeing strong lending and deposit activity. We have seen approval growth of 140 percent above our Queensland owner managed branches at a comparable stage," Liddy said.
"This is particularly rewarding as it proves that the Bank of Queensland franchised branch model, which has proved so successful in Queensland over the last three years, can be equally as successful interstate," he said.
To read an Executive Interview with David Liddy on his plans for Bank of Queensland, click here.
This will take the number of interstate branches up to 28 with the target set at 100 by August 2006. A new branch in Surfers Paradise opening this month will be the 138th BOQ branch in the bank’s home state.
Bank of Queensland managing director David Liddy said the bank was starting to see strong results from interstate branches that had opened since the expansion began in August last year.
"Approvals for our interstate branches are actually ahead of equivalent Queensland branches at the same time, and we are seeing strong lending and deposit activity. We have seen approval growth of 140 percent above our Queensland owner managed branches at a comparable stage," Liddy said.
"This is particularly rewarding as it proves that the Bank of Queensland franchised branch model, which has proved so successful in Queensland over the last three years, can be equally as successful interstate," he said.
To read an Executive Interview with David Liddy on his plans for Bank of Queensland, click here.
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