(Reuters) – Commonwealth Bank of Australia reported a near 6% rise in annual cash earnings on Wednesday on the back of strong volume growth and higher margins from rising interest rates.
The country’s biggest lender said after-tax cash net profit was A$10.16 billion ($6.64 billion) for the year ended June 30, compared with A$9.60 billion a year earlier. That compares with a Visible Alpha consensus estimate of A$10.11 billion, according to Citi.
CBA declared a final dividend of A$2.40 per share, compared with A$2.10 last year.
($1 = 1.5295 Australian dollars)
(Reporting by Sameer Manekar and Himanshi Akhand in Bengaluru; Editing by Anil D’Silva)
