I inital bought BOQ shares in 2019/20 and I was under the impression the consolidation of the loan (home/business) system platform for Virgin Money, BOQ and ME Bank was to be completed by the end of 2024, I am disappointed that this appears to be delayed by 2 years. Once complete it should be a massive saving in IT costs excluding staff cost and will enable future company purchases to be consolidated much quicker IMO.
News: BOQ UPDATE 1-Australia's prudential regulator updates bank requirements to mitigate rate risks, page-3
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