Commonwealth Bank
(ASX:CBA) has released its first half financial results. The bank reported that its statutory net profit after tax (NPAT) rose 6% to $4.9 billion in 1H17.
Its cash NPAT was about the same, rising 2% compared to 1H16. This was driven by home lending, which grew at a faster pace than the overall market.
CBA’s operating income also increased – by 6% to $13.1 billion.
The bank declared an interim dividend of $1.99 per share, which is 1% higher than the previous interim dividend.
In regards to the bank's earnings per share, that was flat at $2.86.
