• Delivered 5% growth in statutory NPAT and 6% growth in cash NPAT
• Maintained strong capital position with CET1 ratio of 12.3%
• Paid interim dividend of $2.35 per share, fully franked

The Commonwealth Bank of Australia (CBA) has continued to execute its strategy with discipline, maintaining a strong focus on supporting customers while delivering sustainable outcomes for shareholders. The bank's financial performance was supported by lending and deposit volume growth in its core businesses, although this was partly offset by lower margins and higher operating expenses primarily due to inflation and continued investment in technology. CBA's pre-provision profit was up 5% reflecting solid operational performance across its core businesses. The bank's net interest margin was slightly lower in the half, primarily due to competition in home lending and lower Treasury and Markets income, partly offset by higher earnings on the replicating portfolio and favourable funding mix from strong growth in at-call deposits. Underlying operating expenses increased 5% driven by inflation, increased investment in technology, and additional lenders and operations resources, partly offset by benefits from productivity initiatives. CBA's credit quality improved, with loan impairment expense decreasing and home loan arrears declining. The bank's funding and liquidity positions remained strong, with a deposit funding ratio of 79% and liquidity coverage ratio of 132%. CBA maintained a robust capital position, with a Common Equity Tier 1 (CET1) ratio of 12.3%, well above APRA's minimum regulatory requirement. The bank's return on equity increased 10 basis points to 13.8%, and it declared an interim dividend of $2.35 per share, fully franked.

CBA expects inflation to remain above the Reserve Bank's target band for some time, placing further upward pressure on interest rates. The bank will continue to seek to support its customers with their financial resilience.

CBA is optimistic about the prospects for the Australian economy and will play its part in building a brighter future for all. The bank will continue to invest in technology and frontline teams to improve customer experiences and enhance its GenAI capabilities, while also helping to combat fraud, scams, cyber threats and financial crime.