Bank of Queensland said in a trading update yesterday that the bank expects normalised cash net profit after tax to be at least 25 per cent higher for the six months to February 2009.The bank said asset quality remains similar to that reported six months ago, in both the percentage of impaired assets and overdue loans.BOQ said there was no need to sell term debt in the wholesale capital market over the remainder of its financial year to August 2009, with a surplus of retail deposit growth to fund asset growth.Also, there was no need to return to the wholesale capital market in its financial year (to August 2009).The bank also said that Linfox Share Investment had confirmed its intention to retain its 5.7 per cent stake in the bank, after gradually selling down some of its stake over the last two months.