Pioneer Saving Bank of Queensland brief history

Bank of Queensland or BOQ, also one of the oldest called comfortable, Australian State financial institution. These banks based in Brisbane. BOQ is a retail bank network of branch offices, nearly 250: 152 in Queensland, 52, which is located in the "South Wales", 23 in Victoria and 34 in West Australia.

Create BOQ 136 years, currently in the top 100 in Australia. Rising use of model runs recommended Special Branch by the owners, BOQ was able to achieve at national level in 2007 and now has branches in all Australian States and territories.

In 1874, when the Bank was created then known as BOQ for Brisbane and permanent building and investment society permanently in particular building society represented Queensland applies. Company recorded more than ten years later in 1887 and was transformed into a bank.

Worsening this institution with the city and s Bausparkasse 1921, Queensland deposit Bank in 1942 was he in the year 1931. a commercial bank with only a license was awarded.

Almost three decades later in 1970, named in the West Bank to know what we are now, "Bank of Queensland". With the new name comes a computerised procedures. After a year, the Bank on the Australian Stock Exchange was performed publicly.

Recording of BOQ "Bank of Queensland savings bank" as its wholly-owned subsidiary in 1982. 1985 Opened the first regional sections of the BOQ in Cairns-Wetaonzvil. Then in 1991 he an electronic switch BOQ Stowe Pty Ltd, the consequence of which was renamed to ten percent of the shares in the BOQ "Electronic switching Pty Ltd received about Queensland" 1999 from "Bank of Hawaii" bought.

In 2001, "Bank of Hawaii" traded convertible BOQ 6.2 million shares and 5.4 million notes redeployment operations in Hawaii. It was in 2003 when the BOQ devices u thousands UFJ Bank financing business in Australia and New Zealand in addition to "by ATM" BOQ have considered for the second largest ATM network in Australia. Today, the BOQ 2500 ATMs. Due to its purchase by Yu thousands UFJ BOQ, recognized as a key role in the financing of equipment $20 billion.

That in 2004 the time when the Bank for more stores in New South Wales and Victoria and the Australian Capital territory opened. On BOQ strengthens location whenever the 78 million dollars, "Orix Australia" Division bought the value of the debtor's financial affairs in city financial industry in 2005.

2006 was a year with the purchase of Queensland "pioneer permanent building society" on the basis of BOQ in the northern territory and Western Australia branches. August 2007 has successfully offer BOQ "pioneer permanent building society" based in MacKay, with the merger of BOQ stable growing market provided synergies and economies of scale Central and Northern Queensland. A few months later, in November 2007, endorsed the proposal to the BOQ members of "home building society" in Western Australia merge. This merger proposal produced $ 592 million and as a result some additional sections 35 of BOQ in Western Australia and thereby increased fingerprint "Bank of Queensland".

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