The Bank of Queensland banking franchise proves that you CAN franchise a bank, and do it well. As one of the leading regional banks in Australia, it has a total of 180 branches spread out across every state and territory throughout the country, yet it is still among the few financial institutions that are not under one of the big banks. That means the local branches are owned and operated by franchisees.
Most of these franchisees are local. They know their clients and live in the same community with them. They are willing to make the extra effort to ensure they receive personal service and financial solutions tailored towards their needs and long-term relationships are built on foundations of mutual trust and respect.
The personal touch and tailored solutions creates a happy client base and a healthy company culture too. The Bank of Queensland banking franchise is a bank that truly cares about the people.
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The Bank That Has Cared From the Beginning
For over a century, the Bank of Queensland has developed its products for the people and businesses of its community and helped them achieve their financial dreams, growing its community in the process.
The Bank of Queensland started off in 1874 as The Brisbane Permanent Benefit Building and Investment Society, the first permanent building society in Queensland. It converted to a bank in 1887 and merged with other state-based financial institutions in 1942 to become a trading bank.
Throughout the years, it has maintained its personal touch even as it grew from strength to strength. Regulated by the Australian Prudential Regulations Authority as an Authorized Deposit-taking Institution, it it now ranked one of the top 100 Australian companies by market capitalization on the Australian Securities Exchange.
Tailored Financial Services for All
The Bank of Queensland understands that its clients don’t want to bombarded with a lot of complicated financial products, so it has crafted simple, easily understood products that the layman can understand and appreciate.
Virgin Money Australia is just one of the brands operated within the Bank of Queensland as a standalone business. A retail financial services company, it provides a large range of easily accessible, top-value financial products that are competitive with products from the big banks.
Bank of Queensland Finance is a wholly owned subsidiary of the Bank of Queensland Limited company specializing in cash flow, assets and structured finance solutions, whereas the Bank of Queensland Specialist product caters specialized financial products to niche market segments.
The Bank of Queensland also helps protect assets and property through St Andrew’s Insurance – a spearheading Australian consumer insurance and life insurance product provider.
Grow A Secure Financial Future
When you join the Bank of Queensland banking franchise, you and your business are supported and enhanced in many ways. If you come from a banking background, you can leverage your banking skills, knowledge and networks and use the business as a platform to fly from. The extensive range of financial products that the Bank of Queensland offers means that you can fit your clients’ every need, with the flexibility to tailor towards specific requirements.
You can also give back, advocating for other local businesses for the betterment of the whole community. Being a small business under the umbrella of a larger, well-established one allows to you to take the time to build long-term relationships with your clients to find out exactly what they need.
Not having to deal with the nitty-gritty of starting up a business from scratch, you also have time to select, train and coach a dream team in tried-and-tested systems that will drive your business forward for many years.
The support that you receive from the company will also drive your growth. Peer-to-peer support comes from fellow franchisees who may have experienced the same issues that you are facing and can advise you. The head office is also always open for problem-solving, mediation or advice.
New franchisees are inducted with an extensive 12 month financial and business coaching program – one of the longest training programs in franchising circles. Along the way, and even after the year-long training, franchise managers are always at your disposal. You won’t need to worry under the umbrella of the Bank of Queensland banking franchise.
Key Facts
Bank of Queensland
Tel: 1300 55 72 72
Email: www.boq.com.au/
Initial Capital Investment: Available Upon Request
Franchising Fees: Available Upon Request
Royalties: Available Upon Request
Marketing/A&P Fees: Available Upon Request