Tag: Commonwealth Bank

The Commonwealth Bank of Australia’s (CBA) cash net profit after tax has increased by 42 percent to $6,101 million for the financial year ended 30 June 2010.

Australia’s services sector continues to contract as the Federal Government’s fiscal stimulus dries up and the Reserve Bank’s interest rate increases impact the services sector.

New Zealand’s services sector continues to grow for its 8th consecutive month, according to the June BNZ – BusinessNZ Performance of Services Index (PSI).

The services sector continues to contract, with a fall in new orders and decreasing selling prices keeping the services sector in negative territory in the June Performance of Services Index.

The Western Australia Chamber of Commerce and Industry says businesses confidence has plummeted since the end of March in it’s June quarter business confidence survey.

Commonwealth bank has jumped on the iPad Internet Banking bandwagon and announced their NetBank service is fully compatible with the iPad.

Commonwealth Bank has won the coveted Established Business Award as part of the 2010 Reconciliation Awards for Business at an awards ceremony in Brisbane.

Commonwealth Bank has increased its small business lending at ten times the rate of competitors, with loans to small business totaling $25 billion The Australian reports.

National Australia Bank (NAB) has recorded the worst customer service of the big four banks across two separate surveys released this week.

The Commonwealth Bank will shut down their structured finance division, with department head Leanne Leong resigning after an internal review.