May 9 (Reuters) - Australia's biggest bank Commonwealth Bank of Australia (CBA) on Tuesday said third-quarter unaudited cash profit rose 4.3 percent as the credit quality of its lending business "remained sound".
Cash earnings climbed to A$2.4 billion ($1.77 billion) for the three months ended March 31 compared with A$2.3 billion a year ago, the bank said in a limited trading update.
Bad debts rose to A$6.7 billion, compared with A$6.3 billion last year.
CBA’s update followed rivals Westpac Banking Corp (WBC), National Australia Bank (NAB), and Australia and New Zealand Banking Group (ANZ) reporting a rise in half-year cash profit over the last week.
($1 = 1.3550 Australian dollars)
News: WBC Australia’s CBA 3rd qtr cash profit rises 4.3 percent
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