Bank of Queensland Limited (the Bank) is engaged in the provision of financial services to the community.
The Bank opened four branches and closed 16 branches during the fiscal year ended August 31, 2009, to bring total branches to 256 as of August 31, 2009. Of these 256 branches, 104 are located outside Queensland.
The Bank has converted 15 corporate branches to owner managed branches during fiscal 2009. The Bank has converted 39 corporate branches to owner-managed branch (OMBs).
In July 2010, CIT Group Inc. sold its Australian and New Zealand Vendor Finance business to Bank of Queensland Limited.
In July 2010, Bank of Queensland Limited completed the purchase of St Andrew’s Insurance (Australia) Pty Ltd. and St Andrew’s Life Insurance Pty Ltd.
In July 2010, Bank of Queensland Limited acquired CIT Group (Australia) Limited and CIT Group (New Zealand) Limited.