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By Byron Kaye and Himanshi Akhand
(Reuters) -Commonwealth Bank of Australia,, the country's biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high.
The result came despite what the bank called a challenging period for its customers who have struggled with a cost of living crisis for the past two years.
Income tax cuts that took effect last July and rising wages have increased th...
>>> Read more: Australia's CBA first-half profit climbs as economic pain for consumers wanes
(Reuters) -Commonwealth Bank of Australia,, the country's biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high.
The result came despite what the bank called a challenging period for its customers who have struggled with a cost of living crisis for the past two years.
Income tax cuts that took effect last July and rising wages have increased th...
>>> Read more: Australia's CBA first-half profit climbs as economic pain for consumers wanes
