Australia’s biggest bank also boosted its fully franked interim dividend to $1.83, up by 12 per cent on last year’s interim dividend.
CBA chief executive Ian Narev said the result demonstrates the benefits of the bank’s long-term strategic priorities: people, technology, strength and productivity.
“All of our businesses have performed well,” Mr Narev said.
“We have strengthened our focus on enhancing the financial well being of our customers and have used our leading technology platform to deliver innovative products and services to business and personal customers,” he said.
Achieving strong revenue growth during a period of subdued economic activity came down the bank’s customer focus strategy, Mr Narev said.
During the half, Commonwealth Financial Planning (CFP) successfully completed all requirements of an enforceable undertaking (EU) entered into with ASIC in 2011.
The bank noted that has also continued to deliver regulatory and compliance programs, with FOFA reforms successfully implemented from 1 July 2013.
