Half yearly cash profit came in at $4.4-billion, slightly above consensus - but down 4.3-percent year-on-year. Despite the competitive low-interest rate environment, the bank has managed to grow its home lending portfolio by 4-percent in the first-half, beating the industry average.
Looking ahead, CBA says its margins will continue to be squeezed by low interest rates..
The bank is also expecting drought, bushfires and the coronavirus to weigh on sentiment and GDP over the next six months.
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