7 Nov 2012

CBA makes $A1.8b profit in three months

1:23 pm on 7 November 2012

Commonwealth Bank of Australia has lifted its first quarter cash profit to about $A1.85 billion.

Unaudited cash earnings of $1.85 billion in the three months to September 30 were up six per cent from approximately $A1.75 billion in the same period the previous year.

The bank said on Wednesday its unaudited net profit in the three months to September 30 was approximately $A1.8 billion.

AAP reports that puts CBA on track for a full-year net profit of about $A7.2 billion.

Deposits now make up 63% of CBA's total funding.