CUA unveils profit spike, knuckles down for growth
James FrostFinancial services writer
Australia’s largest customer owned lender, CUA, has unveiled a spike in first-half net profit as it knuckles down to the task of attracting a younger demographic ahead of a rebrand later this year.
Group profit at CUA rose 26.5 per cent to $26.9 million despite seeing a 1.5 per cent decline in mortgages under management by focusing on cost control and margin management.
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