The Commonwealth Bank
(ASX:CBA) has been given the green light by the competition watchdog for a full acquisition of Aussie Home loans.
Commonwealth already own a third of the Aussie, which boasts a network of 750 mortgage brokers.
The Australian Competition and Consumer Commission (ACCC) says it will not oppose the acquisition due to the presence of alternative home loan suppliers in the market place.
Commonwealth Bank last recorded a $3.7 billion net profit for the period to December 31.
