The Commonwealth Bank
(ASX:CBA) reported unaudited statutory net profit was about $2.5 billion in the September quarter, less than the $2.65 billion made in the same quarter last year.
Operating Income up 1 per cent, with higher other banking income offsetting flat net interest income.
Home lending grew 3.1 per cent was below system growth of 3.6 per cent (both quarter annualised). Business lending reflected continued portfolio optimisation in the institutional book.
The trading update comes ahead of their annual general meeting in Brisbane today.
Shares in The Commonwealth Bank
(ASX:CBA) is trading 0.58 per cent higher to $69.35.
