Bank of Queensland Ltd
(ASX:BOQ) has announced that its statutory net profit (after tax) rose 6% to $338 million in the full year ended 30 June 2016.
However, the Bank’s basic earnings per share fell 2% to 95.6 cents.
BOQ also declared a final dividend of 38 cents per share. This takes its fully franked final dividend to 76 cents per share, which is a 3% gain over the previous year.
The Bank said that it experienced strong growth in the first half of the last financial year. However, in the second half, the Bank slowed asset growth to focus more on deposit gathering and growing in niche segments – including BOQ Specialist and BOQ Finance.
