Revenue ($m) 11,961 down 0.5pc from year-earlier 12,023
Cash net profit ($m) 3886 v 4356
Net profit ($m) 4877 v 6161
Interim dividend 150c payable on March 30
Commonwealth Bank chief executive Matt Comyn delivered a significant increase in the dividend to the delight of shareholders but the virus crisis strategy triggered extra provisions putting pressure on profits at Australia’s largest bank.
CBA chief executive Matt Comyn says more than 90 per cent of customers have returned to pre-deferral loan terms. Dominic Lorrimer
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
