Half-year 2022 highlights

  • 1H22 Cash Net Profit After Tax of $4.75 billion.
  • Disciplined operational execution delivered above system volume growth in core products.
  • Continued capital management actions with a $2 billion on-market share buy-back.
  • Interim dividend of $1.75 per share, fully franked

Read a full in-depth analysis of our results

Download high-res image from the HY22 results presentation:

Matt Comyn

Half-year 2022 results

Results at a glance

  • More home loan support 

    In what was a very busy housing market, CBA recorded above system (market) growth in home loans - up 8.5 per cent with a $40.4 billion increase in the 12 months to December 2021.

  • CommBank App still #1

    The CommBank App remains popular, with 6.6 million users, 9 million daily log-ins, and a positive net promoter score of 30.7 – the best among the major Australian banks. 

  • Continued customer support

    7 million visits to the Group’s COVID support page; introduction of vaccination hubs around Australia; 1.8 million customers contacted regarding natural disasters. 

  • SME Support

    CBA lent $60 billion to Australian businesses in the 12 months to 31 December 2021 and $2.8 billion through the Government’s SME Guarantee Scheme. 

  • Balance sheet strength

    The Group maintained strong balance sheet settings and remains 73 per cent deposit funded. 

  • Cash profit up 23%

    23% uplift in cash profit for 1H22, supported by strong business outcomes, reduced remediation costs and lower loan loss provisions due to an improved economic outlook but impacted by lower margins.

Continued community support critical to CBA strategy

Commonwealth Bank remains committed to making a positive contribution to its customers, communities and people.

Read more

CBA stories

Using technology

Innovation at the fore as CBA strengthens its digital focus

Cutting-edge partnerships help accelerate Commonwealth Bank’s world-leading digital experience, with customers reaping the rewards.

Housing

Australian economy remains resilient despite COVID pandemic

CBA economists believe the Australian economy will remain strong in 2022, although caution remains in the near-term due to the latest Omicron variant. 

Sustainability

Commonwealth Bank signs up to the Net-Zero Banking Alliance

CBA has joined more than 100 global banks as part of the Net-Zero Banking Alliance, (NZBA) underpinning its commitment to support the responsible global transition to net zero emissions by 2050.

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