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BoQ rides housing boom but rate reality looms – The Australian Financial Review
George Frazis has Bank of Queensland’s mortgage business humming, but the reality of low interest rates isn’t easy to outrun.
And Frazis certainly isnt hiding behind the NIM contraction as an excuse. Theres no doubt a low rate environment makes things difficult for banks, but the thing is how you manage it.
He argues BoQ has done that fairly well.
A 14 per cent rise in underlying…
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