Australia's Commonwealth Bank Annual Net Profit Up 13%

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Australia's Commonwealth Bank Annual Net Profit Up 13%

by Wochit 0:30 mins

Australia's Commonwealth Bank Annual Net Profit Up 13%

by Wochit 0:30 mins

Australia's biggest bank, the Commonwealth, on Wednesday posted a bumper 13 percent jump in full-year net profit to a record Aus$8.63 billion with gains across each of its core divisions. Chief executive Ian Narev said, "This year we have again struck a balance between the group's short-term and long-term priorities."

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