BOQ sees growth opportunities in financial crisis
Bank of Queensland has launched a temporary platform, Project Pathways, to investigate “attractive growth opportunities” arising from the ongoing global financial crisis.
Potential growth options under consideration by Project Pathways include strategic partnerships, complementary merger opportunities and new business strategies, such as portfolio optimisation and efficiency initiatives.
Managing director David Liddy said the financial crisis has created many attractive opportunities for BOQ, while at the same time forcing us to review the way we traditionally approach creating value
He said the BOQ’s “solid base of retail customer deposits and its owner-managed branch model place BOQ in the fortunate position of being able to take advantage of some opportunities from the financial crisis”.
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