Commonwealth Bank of Australia
(ASX:CBA) has posted a flat cash profit in the third quarter of the 2015 financial year.
The bank’s quarterly cash profit came in at $2.2 billion, in line with the $2.2 billion cash profit posted the same time a year earlier.
CBA says its group net interest margin continued to be impacted by competitive pressures while trading income remained strong.
The bank has also advised expense growth was higher in the quarter due to growing regulatory, compliance and remediation costs while credit quality remained sound.
Commonwealth Bank of Australia increased its net profit by 8 per cent to $4.54 billion in the first half of the 2015 financial year.
