Bank of Qld FY profit surges

Lender posts strong upswing in cash profit, revenue; urges govt's financial services address advantages for the big four banks.

Bank of Queensland (BOQ) has called for the federal government's financial services inquiry to address regulatory system inequities that favour the big four banks, after posting a strong lift in full-year cash profit.

In the year to August 31, Bank of Queensland's cash profit was $248.2 million, compared to the $20.9 million recorded in the previous year.

The previous full-year result was weighed considerably by high loan impairment charges.

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