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Commonwealth Bank posts cash earnings of $2.4bn – NEWS.com.au
Commonwealth Bank posts cash earnings of $2.4bn
Commonwealth Bank says improving economic conditions are significantly lowering the risk of loan defaults, but remains cautious while the bumpy recovery continues. On Wednesday, the nation’s largest bank posted its third quarter trading update, unveiling cash earnings of $2.4bn, up 24 per cent compared to the first half quarterly average.
CBA chief executive Matt Comyn said the improvement had been driven by strong home loan growth and a rebound in business lending.
“The bank remains well placed…
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