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Home  »  Australian Banks  »  Bank of Queensland

Bank of Queensland

 

Bank of Queensland Logo

Bank of Queensland (BOQ), one of the oldest financial institutions in Queensland, Australia, is a retail bank with a network of almost 270 branches, including 152 in Queensland, 52 in New South Wales, 23 in Victoria and 34 in Western Australia. Bank of Queensland is a cornerstone Queensland organization, the second largest Queensland-based financial institution and the state’s fifth-largest listed company. Since 2002 the Bank has undertaken a national branch expansion. The Bank's branch model permits individuals to own and operate local branches of the Bank as franchises, while receiving the backing of Bank of Queensland's product range and support.

Bank of Queensland committed to providing customers with innovative and socially responsible banking solutions along with the best possible customer service experience. As of today, it has around 2500 ATM centers in the whole of Australia. This makes it very easy for the customers of the bank to access money from any part of the country at any time. The first regional branch of the bank was opened in Cairns and Townsville.

 
 

Bank of Queensland HQ Location Map

Bank of Queensland Head Office
BOQ Centre
259 Queen St,
Brisbane, QLD 4000
Australia

Toll Free: 1300 55 72 72 (within Australia)

Tel: +61 7 3336 2420 (from overseas)

Website: www.boq.com.au

Banking Hours‎:
Mon - Fri : 9.30am - 4.00pm‎

 

 

The banks are regulated by the Australian Prudential Regulatory Authority (APRA) in Australia. APRA is responsible for regulating much of the financial industry, including insurance and superannuation companies. Institution seeking to be prudentially regulated as an authorised deposit-taking institution (ADI) is required to be authorised under the Banking Act 1959 (the Banking Act). The Australian Prudential Regulation Authority (APRA) is responsible for the authorisation process.

Section 5 of the Banking Act defines ‘banking business’ as consisting of both taking deposits (other than as part-payment for identified goods or services) and making advances of money, as well as other financial activities prescribed by regulations made under the Banking Act. The Banking Act only allows corporations to carry on banking business in Australia, which means APRA cannot consider applications from partnerships or unincorporated entities. ADIs are subject to rigorous and close supervision by APRA, which requires the ADI to comply with a range of requirements contained in Prudential Standards and provide comprehensive data to APRA under Reporting Standards.

 

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