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(Reuters) -Commonwealth Bank of Australia's first-quarter cash earnings remained largely unchanged on Tuesday, but the lender's home loan balances declined as it focused on increasing its share of revenue in Australia's competitive mortgage market.
Even though rate hikes since last year have boosted interest incomes and margins at Australian banks, rising cost of repayments has intensified competition in the home loan market, capping profit margins and hindering credit growth.
The country's bi...
>>> Read more: Australia's CBA posts flat Q1 profit on higher competition in home loan market
Even though rate hikes since last year have boosted interest incomes and margins at Australian banks, rising cost of repayments has intensified competition in the home loan market, capping profit margins and hindering credit growth.
The country's bi...
>>> Read more: Australia's CBA posts flat Q1 profit on higher competition in home loan market
