A bank on the edge

Some interesting notes from Bank of Queensland, recovering from the first loss of an Aussie bankin two decades.  Good times ending anyone?

Bank of Queensland (BoQ) says it will be at least another year before it sees any benefits from a lower Australian dollar.

    While BoQ returned to profit in the year to August, after becoming the first Australian bank in two decades to incur a loss, it is taking a cautious approach to the year ahead.

    The bank is heavily exposed to the tourism industry sensitive Queensland economy, which in turn is influenced by movements in the exchange rate (here).

And interestingly there's a foretaste of the schemes Aussie banks will resort to when times get really tough (no different to Spanish banks in fact who put some tax credits into assets on their balance sheet):

    Meanwhile, the bank said it will team with other smaller lenders to lobby the federal government for changes in the banking sector, which is dominated by the big four players.