Bank of Queensland Limited (ASX:BOQ) has reported a $90.6 million first half loss, hit by bad loans.
The Brisbane-based regional lender warned last month it expects impairment costs on loans will push it to a net loss, from a profit of $48 million achieved the year before.
Excluding the impairment charges Bank of Queensland’s profit was down 1 per cent to$199.6 million.
A fully-franked interim dividend of 26 cents per share has been declared.
