Good business position that has strengthened in recent years Strong capitalization Future business growth susceptible to competitive pressures from Australia's major banks Funding profile that is susceptible to competitive funding pressure, and a weaker capacity to source funding in a stressed operating environment The stable outlook reflects S&P Global Ratings' view that Bank of Queensland Ltd. (BoQ) has a defendable business position in the highly competitive Australian retail banking market. The bank has benefited from the resolution of its past business challenges, particularly relating to its owner manager branches, and the successful execution of its multichannel distribution strategy over the past few years. In addition, customer experience and processing efficiency will benefit from the bank's ongoing upgrade of its systems,
