'Strong result' for Commonwealth Bank record profits

THE Commonwealth Bank has announced a record $3.661 billion in half-year profits.

Chief executive Ian Narev said the "strong result" was down to the performance from its domestic and wholesale businesses.

The announcement pushed the bank's shares up by more than 2.6% on Wednesday afternoon.

Australian Greens Deputy Leader Adam Bandt said record was proof the big banks were continuing to make excessive profits at the expense of consumers and taxpayers.

He called on the Federal Government to "rein in" the four major banks which he said were "gouging customers with unjustified fees and interest rates out of sync with real funding costs".

The ANZ is expected to post quarterly results on Friday.

Topics:  adam bandt, commonwealth bank, profit



Local Real Estate

Featured Real Estate
D.I.Y. OR INSTALLED HOME... $9500.00 From
Mobile Home Fully self contained granny flat or mod homes.  D.I.Y $9.5k or $12.5K ...
Family home in quiet... $320 per week
House 3 1 1

Featured Jobs

Clarence Valley jobs listed daily

Featured Jobs
Registered Nurse Mareeba Part Time
GIS ANALYST Ballina Full Time
DISABILITY WORKER Grafton Full Time
RANGER $109655.00
Ranger Grafton Ranger Grade 1/2 Ongoing Full-time Vacancy Ref: OEH 183-14 Total ...


Local Partners

LATEST DEALS AND OFFERS

View today's ePaper!

Read the digital edition
Learn More

Your Chance to Win!

Win a Family Beachside Escape...
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Subscription Sale

Subscribe now for $1 for 14 days.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Cancer

Your partner may be feeling that your career directives have temporarily pulled you away from the relationship.  You may have limited time...

read more

Marketplace

Special Offers & Promotions

Compare & Save