Commonwealth Bank of Australia
(ASX:CBA) has reported a 36% surge in profit to $2.9 billion for the first half of fiscal 2010, on the back of strong income and lending growth.
The bank’s board has declared a fully franked interim dividend of $1.20 a share – up 7 cents on the same period a year before.
CEO Ralph Norris says the company has entered 2010 in a strong position and is well placed to generate good returns for shareholders.
Commonwealth Bank reported a profit of $4.7 billion in fiscal 2009.
