Business
Resilient CBA upbeat on recovery – The Australian Financial Review
Australia’s biggest bank has ratcheted up the dividend, announced positive news on loan deferrals and is attracting new customers and deposits not seen since the GFC.
CBA revealed it is attracting new customers and deposits at levels not seen since the global financial crisis, as the pandemic kicked off a flight to quality and accelerated the take-up of its digital services, further entrenching its market share.
As the unofficial captain of Team Australia’s banking line-up, CBA’s Mr Comyn said the bank had fielded almost one million requests for assistance and deferred almost a quarter of a million loans, while also supporting the economy with $100 billion o…
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