BankWest parent HBOS Australia has announced a 20 per cent increase in underlying profit before tax to $661 million for the year to December 2006, driven by rapid expansion of its retail and commercial banking activities.

BankWest parent HBOS Australia has announced a 20 per cent increase in underlying profit before tax to $661 million for the year to December 2006, driven by rapid expansion of its retail and commercial banking activities.