(Adds details on results, background)
Aug 10 (Reuters) - Commonwealth Bank of Australia (CBA) posted its highest annual cash earnings in four years on Wednesday, as it rode a first-half surge in home lending amid record low interest rates and booked a loan impairment benefit as COVID-19 risks eased.
The results wrapped up a solid fiscal year in which CBA beat out rivals to home buyers when rates were ultra-low, before the central bank began tightening its policy which halted the surge in the real estate market seen last year.
The over 100-year old bank said cash net profit after tax was A$9.60 billion in the twelve months to June 30, compared with A$8.65 billion a year earlier.
Its net interest margin, a key measure of profitability, however, fell 18 basis points to 1.90% amid stiff competition in home lending and an increase in low-yielding liquid assets.
It declared a final dividend of A$2.10 per share, compared with A$2.00 last year.
(Adds details on results, background) Aug 10 (Reuters) -...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$172.14 |
Change
-5.730(3.22%) |
Mkt cap ! $288.1B | |||
| Open | High | Low | Value | Volume |
| $177.89 | $177.99 | $171.55 | $241.2M | 1.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 94 | $172.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $172.15 | 9 | 1 |
View Market Depth
| Last trade - 14.54pm 22/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |