THE Commonwealth Bank has recorded a record $7.09 billion profit for the past financial year, a jump of 11%.
Shareholders will receive a franked final dividend of $1.97 per share, up 5% from the previous year.
The bank's CEO Ian Narev said it was a good result given the "uncertain" economic environment.
Shares in the banking giant were up marginally at the close of trade on Wednesday.
Join the Community.
Get your local news, your way.
Update your news preferences and get the latest news delivered to your inbox.