Commonwealth Bank of Australia (CBA) has reported cash profit of A$2.4bn for the first quarter of fiscal year 2017, unchanged compared to the prior year.
The bank’s statutory net profit for quarter ended 30 September 2016 stood at A$2.4bn.
The group’s Basel III common equity tier 1 (CET1) APRA ratio stood at 9.4%, while leverage ratio was 4.8% on an APRA basis.
The bank further said that funding and liquidity positions during the quarter remained strong, with customer deposit funding at 66% and liquid assets reaching A$135bn.
The bank added that its group net interest margin was lower during the period, driven by higher funding costs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData