it says will double the size of its retail bank and allow it to ramp up competition against the big four.
“With the addition of the ME Bank business, BoQ now has material scale and a compelling growth platform to support this ambition,” Mr Allaway said.“The combination of our highly complementary businesses brings together two organisations with a shared purpose and values generating greater value for customers, employees and shareholders.”
ME chairman James Evans said the increase in the bank’s scale would benefit customers and staff because as a larger business it would be more able to compete with rivals.
Source: News Formal (newsformal.com)
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