Commonwealth Bank has posted a profit of $3.624 billion for the December half as bad debt charges fell, and declared it has no plans to join rival banks in slashing staff numbers.
The bank’s net profit rose 19 per cent from a year earlier. “We have no plans to send jobs offshore. And we have no plans for major redundancy programs,” chief executive Ian Narev said in a statement. Instead, the bank will continue to invest in technology to improve efficiency. The bank will pay an interim dividend of $1.37 per share on April 5, up from $1.32 a year earlier.
Source: The Age
