Bank of Queensland Limited
(ASX:BOQ) has reported a 7 percent increase in net profit after tax to $179 million in the six months to 29 February 2016.
Bank of Queensland’s basic earnings per share were up 5 percent on the prior half to 47.8 cents.
Managing Director and CEO Jon Sutton said the result was driven by above system housing lending growth and strong asset quality levels.
Bank of Queensland has increased its variable home loan interest rates by 12 basis points for owner occupied loans and 25 basis points for investor loans, effective from 15 April.
Bank of Queensland will pay an interim dividend of 38 cents fully franked.
