CBA posts record profit as mortgage borrowers cling on

By Jacob Shteyman
Updated August 9 2023 - 1:48pm, first published 1:43pm
Interest margins are up at the Commonwealth Bank after the Reserve Bank's rate rises. (Joel Carrett/AAP PHOTOS)
Interest margins are up at the Commonwealth Bank after the Reserve Bank's rate rises. (Joel Carrett/AAP PHOTOS)

Commonwealth Bank of Australia has broken the $10 billion barrier to post its biggest-ever yearly profit, after rising interest rates boosted its lending margins.

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