Bank of Queensland is looking into the purchase of "at least two" more equipment finance businesses the
Sydney Morning Herald reports, though the newspaper does not name the target firms.
BOQ has assembled a portfolio of equipment finance businesses over the last eight years since buying Sanwa Finance in 2003 and culminating in the takeover of most of the Australian operations of CIT last year.
A former CIT executive, Keith Rodwell, now has responsibility for this division and is one on which the bank expects to earn an above average rate of return during the early years of the next credit cycle.