NSW off BOQ radar

Ian Rogers
Ram Kangatharan, chief financial officer of Bank of Queensland, told an investor conference yesterday that the bank's "focus remains on well secured housing and SME lending in Queensland and Western Australia".

There was no mention, in the presentation published through the ASX, of the bank's investment in more than 50 outlets in New South Wales, more than 80 per cent of which have reverted to bank control.

And from the tone of yesterday's presentation to an ABN Amro conference on regional banks, BOQ is discarding this aspect of its business as a talking point.