Wednesday, 14 October 2020, Brisbane: Bank of Queensland Limited (ASX: BOQ) today released its quarterly APRA Basel III Pillar 3 report relating to the period ending 31 August 2020.
Authorised for release by: The Board of Directors of Bank of Queensland Limited
For further information please call:
Media
Tracy Hicks, Head of Corporate Affairs 0439 540 960 tracy.hicks@boq.com.au
Analysts
Cherie Bell, General Manager Investor Relations 0488 756 126 cherie.bell@boq.com.au
Bank of Queensland Limited ABN 32 009 656 740 (BOQ)
APRA BASEL III PILLAR 3 DISCLOSURES
Quarter ended 31 August 2020
BANK OF QUEENSLAND LIMITED, BASEL III PILLAR 3 DISCLOSURES
For the Quarter Ended 31 August 2020
14 October 2020
This report has been prepared by Bank of Queensland Limited (Bank or BOQ) to meet its disclosure requirements under the Australian Prudential Regulation Authority's (APRA) Prudential Standard APS 330: Public Disclosure. It has been prepared using 31 August 2020 data.
Key points
The Bank's capital management strategy aims to ensure adequate capital levels are maintained to protect deposit holders. The Bank's capital is measured and managed in line with Prudential Standards issued by APRA. The capital management plan is updated annually and submitted to the Board for approval. The approval process is designed to ensure the plan is consistent with the overall business plan and for managing capital levels on an ongoing basis.
The Board has set the Common Equity Tier 1 Capital target range to be between 9.0% and 9.5% and the Total Capital range to be between 11.75% and 13.5%.
As at 31 August 2020:
• Common Equity Tier 1 Capital Ratio was 9.8% (9.8% as at 31 May 2020); and
• Total Capital Ratio was 12.7% (12.7% as at 31 May 2020).
CONTENTS
PAGE
Capital Structure
3
Table 1: Capital Disclosure Template
4
Reconciliation between the Consolidated Balance Sheet and the Regulatory Balance Sheet
8
Entities excluded from the Regulatory Scope of Consolidation
10
Table 2: Main Features of Capital Instruments
11
Table 3: Capital Adequacy
12
Table 4: Credit Risk
13
Table 5: Securitisation Exposures
15
Table 20: Liquidity Coverage Ratio
16
Table 21: Net Stable Funding Ratio
18
3
Bank of Queensland Limited and its Controlled Entities
ABN 32 009 656 740 AFSL No. 244616
BANK OF QUEENSLAND LIMITED, BASEL III PILLAR 3 DISCLOSURES
For the Quarter Ended 31 August 2020
Capital Structure
August 20
February 20
$m
$m
COMMON EQUITY TIER 1 CAPITAL
Paid-up ordinary share capital
3,871
3,868
Reserves
1341
131
Retained earnings, including current year earnings
1631
149
Total Common Equity Tier 1 Capital
4,168
4,148
REGULATORY ADJUSTMENTS
Deferred expenditure
(187)
(187)
Goodwill and intangibles
(909)
(914)
Other deductions
17
41
Total Regulatory adjustments
(1,079)
(1,060)
Net Common Equity Tier 1 Capital
3,089
3,088
Additional Tier 1 Capital
350
500
Net Tier 1 capital
3,439
3,588
TIER 2 CAPITAL
Tier 2 Capital
350
350
General Reserve for Credit Losses
230
179
Net Tier 2 Capital
580
529
Total Capital Base
4,019
4,117
Notes:
(1) The profit reserve represents accumulated profits available for distribution as a dividend. Accumulated profits are recognised as reserves and not retained earnings for the period.
4
Bank of Queensland Limited and its Controlled Entities
ABN 32 009 656 740 AFSL No. 244616
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Bank of Queensland Limited published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2020 22:39:05 UTC
Bank of Queensland Limited is an Australia-based regional bank. The Companyâs operating segments include Retail Banking and BOQ Business. The Retail Banking segment provides retail banking solutions to customers through its owner-managed and corporate branch network, third-party intermediaries, and virgin money distribution channels. Its Owner-Managed Branches retail and small and medium enterprises (SME) lending, deposits, credit cards and insurance. Its VMA business include digital home loans, deposits, credit cards, insurance, and superannuation. The BOQ Business segment includes the BOQ branded commercial lending activity, BOQ Finance and BOQ Specialist businesses. It also provides tailored business banking solutions, including commercial lending, equipment finance and leasing, cashflow finance, foreign exchange, interest rate hedging, transaction banking and deposit solutions for commercial customers. It operates more than 160 branches across Australia.