Feb 9 (Reuters) - Bank of Queensland Ltd (BOQ) :
- Boq refines operating model (BOQ)
- Expect this investment in fine-tuning our operating model will help accelerate our path towards a cost to income ratio in low 40% range in years ahead"
- Uncertainty in the global economic outlook over recent months has resulted in a significant increase in volatility in funding market"
- Says an investment in the order of $15M (pre-tax) is anticipated to be incurred over the course of FY 2016
- Says expense will not be excluded from cash earnings in FY 2016
- Investment required to implement the change initiatives should deliver 100% payback through cost savings within 12 months
Feb 9 (Reuters) - Bank of Queensland Ltd (BOQ) : Boq refines...
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