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BoQ rewards investors after $378m profit

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October 12, 2017

Bank of Queensland has lifted full-year cash profit five per cent to $378 million.

Bank of Queensland has lifted full-year cash profit five per cent to $378 million and declared a special dividend after reporting strong second half lending growth.

Home loan lending grew by two per cent in the second half and BOQ's strong capital position allowed it to declare a flat final dividend of 38 cents and a special dividend of eight cents, both fully franked.

Statutory profit for the 12 months to August 31 rose four per cent to $352 million and managing director Jon Sutton says the second-half performance gives BOQ momentum heading into FY18.

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