CBA commonwealth bank of australia.

News: CBA Commonwealth Bank of Australia's annual cash profit dips 3%

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    Aug 14 (Reuters) - Commonwealth Bank of Australia (CBA) said on Wednesday its annual cash profit slipped 3%, hurt by rising costs and lower lending and deposit margins.

    The country's biggest lender by market value said cash net profit after tax was A$9.84 billion ($6.52 billion) for the year ended June 30, compared with A$10.16 billion a year ago.

    That compares with an LSEG estimate of A$9.68 billion.

    ($1 = 1.5081 Australian dollars)

 
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