The bank said it had benefited from rising interest rates in the last six months of 2022. 9News
of Australia to a record $5.15 billion, a nine per cent increase from the year earlier.
The bank said it had benefited from rising interest rates and stronger business lending growth, in the six months to December 31. Operating income rose by 12 per cent to $13.5 billion, and net interest income increased 19 per cent.The profits were primarily driven by a recovery in net interest margins in the rising rate environment, the bank said, and growth in home, business and institutional loans."Higher interim cash profits were a result of volume growth and the recovery in our margins as cash rates rise from historic lows," chief executive Matt Comyn said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commonwealth spends more than $7.6 million prosecuting whistleblowersThe Commonwealth has racked up more than $7.6 million in legal fees pursuing whistleblowers, with the bulk of that bill relating to a now-dumped prosecution.
Read more »
Rihanna wows Super Bowl crowd in stunning half-time showRihanna has put on a jaw-dropping performance during the 2023 Super Bowl half-time show - captivating 70,000 fans and marking her first live performance in five years. 9News READ MORE:
Read more »
Rihanna wows Super Bowl crowd in stunning half-time showRihanna has put on a jaw-dropping performance during the 2023 Super Bowl half-time show, marking her first live performance in five years. The singer captivated 70,000 fans while performing a medley of her greatest hits. 9News MORE:
Read more »
Rihanna performs while pregnant at super bowl half-time showPop star Rihanna unveils her baby bump at the Super Bowl, in a roundabout way announcing her second pregnancy to the world.
Read more »
CBA heeds Senate demand, pauses regional branch closuresBanks are under political pressure to follow Commonwealth Bank’s decision to pause regional bank closures while a parliamentary inquiry is held this year.
Read more »
Seven West Media reveals significant net debt reduction in half-year results.sevenwestmedia has announced a significantly reduced net debt over the first half of the 2022-23 financial year. 7NEWS
Read more »