Commonwealth Bank June 2007 profit: result at a glance

• CBA's statutory net profit was $4.47 billion, a 14 per cent increase on 2005/06 and a record for the bank. Net profit after tax on a cash basis was $4.60 billion, an 18 per cent increase.
• Cash earnings per share were $3.53, up 16 per cent on the previous year.
• Return on equity increased 80 basis points to 22.1 per cent.
• The net interest margin decreased 15 basis points to 2.19 per cent.
• The final dividend is $1.49 taking the full year to $2.56, an increase of 32 cents or 15 per cent on the previous year.
• Home loan balances including securitisation increased 14 per cent to $190 billion, with Australia increasing 11 per cent to $161 billion.
• Provisions for impairment were steady at $1.3 billion and as a result the provision ratios fell, to 0.32 per cent as a percentage of loans and to 0.42 per cent as a percentage of risk-weighted assets.
• Domestic deposit volume grew 17 per cent to $175 billion.
• The corporate tax charge was $1.45 billion, providing a 27.6 per cent effective tax rate.
• Market share. Commonwealth reported an 18.5 per cent market share in home loans, 18.8 per cent credit cards, 16.4 per cent personal lending, 29 per cent household deposits and a 21.6 per cent of retail deposits.