Commonwealth Bank Australia 1st Half Net Profit Up 19% As Impairments Fall

Fox Business Tuesday 14th February, 2012

SYDNEY – Commonwealth Bank of Australia (CBA.AU) on Wednesday booked a 19% rise in first-half profit underpinned by lower impairment charges and unrealized gains on hedging.However revenue slowed considerably as conservative consumers shunned debt and the bank warned credit growth will remain subdued until there is a sustained improvement in ...

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