Overview

• The bank achieved a 4% rise in cash profit to a record A$10.25 billion for the year to June, driven by higher lending volumes and a stable net interest margin of about 2.08%.
• Commonwealth Bank will pay a final dividend of A$2.60 per share, lifting total payouts to A$4.85 for 2024/25, up 4% year-on-year.
• Operating expenses climbed 6% to A$12.9 billion as inflation and a A$900 million technology program boosted costs, and an AI chatbot is set to eliminate 45 roles.
• Loan impairment charges fell from A$802 million to A$726 million as easing cost-of-living pressures and stronger household finances improved credit quality.
• A revised environment policy bars new and ongoing lending to thermal coal miners unless they have credible net-zero-by-2050 transition plans.