Australia's CBA H1 profit from continued operations dips 2 pct

By Kitco News / February 06, 2018 / www.kitco.com / Article Link

Feb 7 (Reuters) - Commonwealth Bank of Australia, the country's biggest mortgage lender, posted a decline in first-half cash-profit from continued operations on Wednesday, hurt by regulatory and compliance costs.

The bank's profit for the six months ended Dec. 31 slipped 2 percent to A$4.74 billion ($3.74 billion).

The bank's net interest margin, the difference between interest costs and interest earned and a key gauge of profitability, rose 6 basis points to 2.16 percent during the period.

($1 = 1.2682 Australian dollars)


(Reporting by Shashwat Pradhan in Bengaluru; Editing by Stephen Coates and Adrian Croft)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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