Bank of Queensland flags $170m impairment

9:38am on 3 October 2025

The news: Bank of Queensland has flagged a $170 million impairment in its retail bank cash generating unit (CGU).

The context: The majority of the goodwill held on the BOQ balance sheet related to the 2007 acquisition of the Home Building Society.

BoQ said the goodwill impairment relates to "uncertainty in industry structural shifts in retail banking reflected in an increase in the discount rate used to determine the recoverable about of the CGU".

The carrying value of CGU will be cut to zero in 2H25.

The bank said there will be no impact to FY25 cash earnings and the impairment will be recorded in full-year statutory profit after tax.

The source: ASX

Bank of Queensland flags $170m impairment

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