BoQ signals desire for Suncorp's equipment finance

by BN16 Oct 2009

The Bank of Queensland's recent $340m capital raising has bolstered its desire to grow in scale by buying Suncorp's equipment finance loan book.

According to a report in The Australian Financial Review, chief executive David Liddy said a deal to purchase Suncorp's lease finance portfolio for $2 bn was possible.

"[Suncorp] have stated it's non-core to their business. It's certainly core to us. So if an opportunity presented itself, we'd certainly have a look at that stuff."


  • by BBB 16/10/2009 8:32:12 AM

    Hope they do not get it , they have gret rates , but the back office is ordinary , and no on line platform , docs are cumbersone , BUT they will do gear for good deals other won''t

  • by Jim Adams 17/10/2009 7:45:16 PM

    Why would they buy this business which has large volumes introduced when they have no broker platform for mortgages - it doesn't make sense