Commonwealth Bank of Australia
(ASX:CBA) has lifted its first half net profit by one per cent to $3.66 billion.
The bank’s cash profit increased by six per cent to $3.78 billion, slightly ahead of expectations.
CEO Ian Narev says CBA has seen some improvements in the global macroeconomic environment in the six months to the end of December.
Mr Narev says developments in offshore areas of concern have been positive overall, and therefore the bank has experienced a period of stability which has had a positive impact on global equity and debt markets.
Commonwealth Bank has lifted its interim dividend by 20 per cent to $1.64.
