Chief Executive Officer Matt Comyn said:
"The Commonwealth Bank is focused on doing everything we can to support Australia in these challenging times. The Bank is well funded, with significant levels of excess liquidity and strong capital.
The strength of the Bank means we are well placed to support our customers and the broader Australian economy. Since the onset of the COVID-19 pandemic, our package of support measures has included over $9 billion in support to ~100,000 businesses, repayment deferrals on approximately 240,000 loans, reduced interest rates for borrowers, increased interest rates for depositors and waived fees and charges. Our strong capital position enabled us to deliver 1H20 dividend payments totalling $3.5bn to our ~830,000 shareholders during March, providing a further direct cash benefit into the economy.