Shares in Commonwealth Bank have risen almost 20% over the past year
Australia's biggest lender, Commonwealth Bank, has reported its fourth year of record profits.
Net profit for the year to 30 June was $6.98bn (£4.5bn), up 8% on the previous year.
The bank has been boosted by growing deposits and a higher margin between the rate of interest earned on loans and the rate paid out to savers.
Despite the record performance, the company's chief executive said business conditions had been mixed.
"Our primary areas of economic focus are the level of confidence of Australian business and households, the impact of economic conditions in China on the demand and price for resources, the value of the Australian dollar and the resultant impact on export-sensitive parts of the Australian economy and the stability of funding markets," chief executive Ian Narev said in a statement with the annual results.
He said that indicators relating to those areas had been mixed over the past six months.
Shares in Commonwealth Bank have risen almost 20% over the past year.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23691099#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
