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ASX 200 ends the day flat, BOQ (ASX:BOQ) shares drop on impairments – Motley Fool Australia
The S&P/ASX 200 Index (ASX:XJO) was flat today. The biggest decline was the Bank of Queensland Limited (ASX:BOQ) share price falling 7%.
The S&P/ASX 200 Index (ASX: XJO) was flat today, it finished at 5,952 points.
Here are the main highlights from the ASX 200:
Bank of Queensland Limited (ASX: BOQ)
The challenger bank announced FY20 impairments to the market today, sending the BOQ share price down by 7%.
BOQ revealed that it has completed its FY20 collective provision modelling. The bank announced that the FY20 loan impairment expense will be $175 million (pre-tax), which includes a COVID-19 provision expense of $133 mill…
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