Bank Of Queensland (ASX: BOQ) has posted their net interest margin for FY23, revealing a figure of 1.69%.

The company has highlighted the increasing risk moving into FY24, mainly due to the rising costs of living, sustained higher interest rates, and the delayed impact of these factors.

Moreover, Bank Of Queensland (ASX: BOQ) foresees continued revenue and margin pressure into FY24, resulting from slower credit growth and heightened competition.

The anticipation is that a mortgage pricing adjustment might be necessary at some point to deliver returns beyond the banks' cost of capital.

As of the end of the fiscal year, the Common Equity Tier 1 Ratio was noted to be 10.91%.

Bank of Queensland is a retail bank in Australia offering comprehensive financial services.