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(Reuters) -Commonwealth Bank of Australia on Wednesday posted a record cash profit for the first half and said it would buy back additional shares worth A$1 billion ($698.60 million) as a jump in interest rates helped beef up the lender's margins.
Last year February, the country's biggest lender had announced a share buy-back of A$2 billion.
However, ongoing inflationary pressures, supply chain disruptions and rising interest rates led to a higher loan impairment expense of A$511 million, comp...
>>> Read more: Australia's CBA posts record profit, announces more buybacks
Last year February, the country's biggest lender had announced a share buy-back of A$2 billion.
However, ongoing inflationary pressures, supply chain disruptions and rising interest rates led to a higher loan impairment expense of A$511 million, comp...
>>> Read more: Australia's CBA posts record profit, announces more buybacks
