See more documents and webcasts for full-year and half-year financial results on CBA's Investor Centre.
Results at a glance
The declaration of an interim dividend of $2.10 a share, fully-franked, is an increase of 35 cents per share on the prior comparable period and represents a pay-out ratio of 69% of the bank’s cash earnings after tax.
Supporting shareholders and customers
In total, $5.2 billion will be paid in dividends and re-investments into the business to support shareholders and customers. More than 860,000 shareholders – with 78% of shares being Australian-owned – will receive the dividend. The average retail shareholder will receive $1,650 in fully-franked dividends.
With CBA’s capital position standing at a CET1 ratio of 11.4%, the group intends to increase its existing on market share buy-back by an additional $1 billion. As at 31 December 2022, $1.8 billion of the previously announced $2 billion on market share buy-back had been completed. The remainder is expected to be completed after neutralising the impact of the first half 2023 dividend reinvestment plan.
As Australia’s largest bank, CBA funded $77 billion in new home loan lending and $18 billion in new business lending during the six months to 31 December 2022. The bank also holds over 25% of all resident deposits.
Deposit funding stood at 75% by the half-year’s end as the bank continued to satisfy a significant proportion of its funding requirements from retail, business and institutional customer deposits.
Australia faces slowdown in economic growth but should avoid recession, says CBA
The bank’s economics team are forecasting interest rates to rise further to combat high inflation, but for cuts to follow by the end of this year to help ensure a soft landing of the economy.