CommBank reports 7% profit growth and expands AI initiatives at its AGM
The bank achieved record lending growth and launched CommBank Companion while pledging $1 billion annually against financial crime.
See the latest news and media coverage for CommBank. We track all announcements, press releases, and industry mentions in real time, all in one place.
Australian banking and financial services provider
commbank.com.auLast updated
In short: CommBank posted $11B FY26 profit, passed on the RBA's rate hike, and was named Asia-Pacific's top AI bank.
The bank achieved record lending growth and launched CommBank Companion while pledging $1 billion annually against financial crime.
The bank pays licence fees to Australian news publishers for employee use of content in workplace generative AI tools, excluding model training.
The bank invests $140 million in upgrades and maintains over 600 branches. It also supports cash access via more than 1,700 ATMs across the country.
AI spending, tax cuts, labor shortages, and Middle East energy disruptions sustain growth while elevating prices, prompting tighter monetary policy.
The RBA Board has delivered its fourth rate hike of 2026, lifting the cash rate to 4.60%. Here's how Australia's biggest banks moved in response.
Commbank on Tuesday lifted its fixed rates on both owner-occupied and investor loans for new customers by as much as 0.48 percentage points.
Retail operations delivered 6% performance growth, with main financial institution share lifting to 34.2% and transaction accounts up 6%. Home lending balances grew 7%, while...
The big four banks were also in the red, with Westpac sliding 1%, ANZ losing 0.9%, NAB falling 0.7% and CommBank dropping 0.6%, despite posting...
Track CommBank and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to CommBank and other trending companies.