BOQ Updates On APRA Basel III Pillar 3 Release And Update

  • Jul 26, 2020 AEST
  • Team Kalkine

Bank of Queensland Limited (ASX:BOQ) released its quarterly APRA Basel III Pillar 3 report with respect to the period ended 31 May 2020. 

The APRA Basel III Pillar 3 report comprises a growth of $112 million associated to more than 90 days past due loans. The A$112 million includes A$58 million of customer loans where banking relief package applications have been processed after 31 May 2020.

With respect to the subsequent event note included in the 1H2020 financial statements, the company has taken collective provision of A$61 million during 3Q2020. Thus, bringing the total COVID?19 related collective provision to A$71 million.

 

 


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