Overview

• Commonwealth Bank of Australia (CBA) posted a March-quarter cash net profit of $2.6 billion, a 6% increase from the same period last year.
• Net interest margins remained stable after excluding non-recurring items, while operating income and expenses both grew by 1%.
• Home loan arrears rose to 0.71%, and personal loan arrears increased by 19 basis points, attributed to seasonal trends.
• CEO Matt Comyn emphasized Australia's strong position to navigate global economic risks, supported by moderating inflation and government infrastructure investment.
• The bank reaffirmed its commitment to assisting households and businesses under financial strain due to high living costs.