MELBOURNE (S&P Global Ratings) April 20, 2023--Bank of Queensland Ltd.'s (BoQ) strong capital levels will continue to support its underlying credit strength amid a period of elevated operational risk. The risk stems from the ongoing integration of Members Equity Bank and a transformation program at the wider bank. BoQ, an Australia-based regional bank, has announced a Common Equity Tier 1 (CET1) ratio of 10.7% under the regulator's new capital framework, effective Jan. 1, 2023. The CET1 ratio includes the impact of a A$200 million non-cash impairment of goodwill and a A$60 million provision to account for risks stemming from the continued simplification and integration of its operating structure, digitization, and investment in risk controls across the business. At today's half-year
