Following National Australia Bank's (ASX: NAB) $4.22 billion profit announcement yesterday, the Finance Sector Union on Thursday called on banks to share their profits with those that provided it - the Australian community.

Finance Sector Union National Secretary Leon Carter said that the union's research showed that Australians want the local banks to be profitable and competitive within a framework that treats the public fairly, responsibly, ethically and gives back through investing in skills and jobs for the future.

"Over the next week, we are going to hear some pretty big profits announced by our big four banks. This is a significant achievement when we look at many parts of the rest of the world still struggling with the GFC," he said.

"The next challenge is to ensure that our banks conduct their business in a manner the Australian public finds acceptable. FSU's research shows that Australians have major concerns about fees and charges, existing debt levels, having debt products more freely available and the sending of jobs and customer information offshore."

"The profitability of our banks does not have to be at the expense of jobs, or achieved through excessive fees, rates and charges. With proper regulation, we can have a far healthier bank sector," he said.

Mr Carter also criticized recent calls for another inquiry into the behaviour of banks.

"From our research, the public does not want yet another inquiry about banks. The same old turgid arguments will get tossed around again, resulting in little or no change," he said.

"Australians know what they want from their banks. They want our politicians to put regulations in place to ensure all Australians benefit from a better banking environment."