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AAP
AAP
Derek Rose

Regional lender plots return to home-loan growth

Bank of Queensland has reported a $250 million profit, up 88 per cent. (Dan Peled/AAP PHOTOS)

A leading regional lender plans to compete aggressively in the mortgage market with its digital-only brands after several years of letting its home-loan business shrink.

Bank of Queensland announced Thursday that it had made a $250 million statutory net profit after tax for the financial year ended August 31, up 88 per cent from a year ago, when its bottom line had been hit with a $170 million writeoff of goodwill.

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