People walk past a branch of the Commonwealth Bank in Melbourne, Australia, on Feb. 6, 2019. William West/AFP via Getty Images
Commonwealth Bank of Australia (CBA) has posted a robust first-quarter result, reporting an unaudited cash profit of $2.6 billion, signalling early momentum as lending activity strengthens across the sector.
The figure is 2 percent higher than the same quarter last year and 1 percent above the average of the bank’s quarterly profit in the second half of last year.
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