Feb 2 (Reuters) - Bank of Queensland Ltd (BOQ) :
- BOQ ANNOUNCES SALE OF NEW ZEALAND ASSET PORTFOLIO
- HAS AGREED TO SALE OF ITS NEW ZEALAND PORTFOLIO OF ASSETS TO UDC FINANCE LIMITED
- PORTFOLIO SIZE WAS NZ$238 MILLION
- SALE AGREEMENT PROVIDES FOR SALE OF PORTFOLIO AT 91% OF BOOK VALUE
- DEAL TO RESULT IN INDICATIVE POST-TAX STATUTORY LOSS ON SALE OF A$17 MILLION TO A$20 MILLION RECOGNISED IN 1H24
- COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR IN 2H24
- UPON COMPLETION DEAL EXPECTED TO BE BROADLY NEUTRAL TO BOQ'S COMMON EQUITY TIER 1 CAPITAL RATIO
News: BOQ Bank Of Queensland Announces Sale Of New Zealand Asset Portfolio
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