sydneybank of queensland ltd has cut its net interest margin guidance for the 2022 fiscal year citing price competition increased fixed rate lending and higher liquid asset balances the regional australian lender said its fiscal 2022 net interest margin would be slightly lower than previously forecast as the wider industry experienced tougher trading conditions in the first quarter still it reaffirmed fiscal 2022 guidance of at least 2 positive jawsa ratio comparing income to expensesand flagged lower expenses boq continues to execute on its strategy digital transformation and the me bank integration we remain firmly focused on delivering against our strategy to transform boq into a digital bank with a personal touch said chief executive george frazis in a regulatory filing ahead of the lenders annual shareholder meeting on tuesday given a focus on delivering positive jaws expenses are now expected to be around 1 lower than fiscal 2021 boq said