University of Queensland World Report" and the "Academic Ranking of World Universities. The university is also highly ranked in various engineering disciplines. In mining engineering, it stands in 10th worldwide, in chemical engineering 24th worldwide, in civil engineering 42nd worldwide, in material science and engineering 48th worldwide, and in electrical and electronic engineering it is ranked within 51-100th worldwide.<ref> University of Queensland The University of Queensland (UQ) is a public research university primarily located in Queensland's capital city, Brisbane, Australia. Founded in 1909 by the state parliament, UQ is Australia's fifth oldest university and is colloquially known as a sandstone university. UQ is
Bank of Queensland owned subsidiary in 1982. In 1991 BOQ acquired Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd. In 1999, Bank of Hawaii bought 5.8 m shares (approx. 10%) in Bank of Queensland. Two years later Bank of Hawaii sold its 6.2 m shares and 5.4 m convertible notes in Bank of Queensland to refocus on its operations in Hawaii. BOQ acquired the equipment financing business of UFJ Bank in Australia and New Zealand in 2003. The bank also acquired ATM Solutions. In 2004, BOQ opened branches in New South Wales, Victoria, and the Australian Capital Territory.