Share

Commonwealth Bank of Australia (CBA) has reported cash profit of A$2.4bn for the first quarter of fiscal year 2017, unchanged compared to the prior year.

The bank’s statutory net profit for quarter ended 30 September 2016 stood at A$2.4bn.

The group’s Basel III common equity tier 1 (CET1) APRA ratio stood at 9.4%, while leverage ratio was 4.8% on an APRA basis.

The bank further said that funding and liquidity positions during the quarter remained strong, with customer deposit funding at 66% and liquid assets reaching A$135bn.

The bank added that its group net interest margin was lower during the period, driven by higher funding costs.

In wealth management, average assets under management increased by 3% and funds under administration were up by 2%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData