Australia’s biggest lender attributes stronger result to volume growth and a recovery in margins
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The Commonwealth Bank of Australia has delivered a jump in half-year profit as it benefited from rising interest rates and stronger business lending growth.
The country’s biggest lender on Wednesday reported a cash profit of $5.15bn for the six months to December 31, a 9.0% increase from the year earlier and in line with analyst estimates.
Continue reading…Australia’s biggest lender attributes stronger result to volume growth and a recovery in margins Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Commonwealth Bank of Australia has delivered a jump in half-year profit as it benefited from rising interest rates and stronger business lending growth.The country’s biggest lender on Wednesday reported a cash profit of $5.15bn for the six months to December 31, a 9.0% increase from the year earlier and in line with analyst estimates. Continue reading…