Commonwealth Bank home loan book grows 6.7%

Commonwealth Bank home loan book grows 6.7%
Jonathan ChancellorAugust 12, 2014

The Commonwealth Bank, the nation’s largest home loan lender grew its home loan book by 6.7% over the past year, while delivering a cash profit of $8.68 billion.

Its home loan book grew faster than its major competitors.

Home loan balances increased $27 billion to $400 billion, up 7.5% over the year.

It business and corporate loans were up 7%, or $12 billion to $184 billion.

Customer deposits rose $34 billion to $439 billion.

The chief executive Ian Narev said the bank was “cautiously positive” about the outlook for financial 2015.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Madeline, Moorabbin apartments approach completion
Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district
Citimax to continue to elevate Sunshine Coast living with Ascend Kings Beach
Walker Corp get sign off for SOL by Walker in Maroochydore
First look: Surfers Paradise riverfront set for more new apartments