Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

BoQ ?natural consolidator? for building societies and credit unions

Staff Reporter 3 minute read

Bank of Queensland (BoQ) managing director David Liddy stresses building scale and reach are the main drivers of the bank’s strategy over the immediate future.

“For us it’s about gaining exposure to more customers with a ‘small bank’ approach consistent with building society values and customer focus,” Liddy told Mortgage Business.

The BoQ has been active on the acquisition front, recently purchasing Home Building Society and Mackay Permanent.

Speaking of these acquisitions, Liddy says he had been “expecting consolidation” in this sector for several years, particularly at the lower end of the financial services spectrum.

Advertisement
Advertisement

For Liddy, the opportunity offered through acquisition is “about gaining access to more customers and then backing ourselves to obtain a deeper relationship [with those customers].”

“I see the BoQ as the natural consolidator for those building societies and credit unions which are looking to the future and see themselves facing increased regulatory and marketing costs along with increased competition.”

 

BoQ ?natural consolidator? for building societies and credit unions
default
TheAdviser logo

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

PROMOTED CONTENT


default

 

more from the adviser
tech tools

Breaking News

FICO launches new loan-origination platform

The US analytics company has launched a new digital loan originat...

Liberty A League partnership ta

Breaking News

Liberty scores A-League Women’s football naming partnership

The non-bank lender has become the official naming partner of the...

house sold

Breaking News

Hot Property: The biggest property headlines from the week 29 November - 3 December

The weekly round-up of the biggest news stories from across Momen...