The Bank of Queensland Limited (ASX: BOQ) share price has continued its strong run and reached a new 52-week high of $12.85 today.
At the time of writing the regional bank's shares have given back some of their earlier gains, but still sit 1.5% higher at $12.74.
Why have its shares rallied?
The regional bank's shares have been on a strong run ever since APRA announced its new capital requirements which revealed a 50 basis point rise for regional banks by 2020.
This means that for standardised banks such as Bank of Queensland, the theoretical minimum CET1 requirement to be considered unquestionably strong will be 7.5%.
As of its half-year results, Bank of Queensland boasted a CET1 ratio of 9.3%. This puts it comfortably above the prescribed requirements announced by APRA.
