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AAP
AAP
Derek Rose

CBA posts $2.5b in 1Q24 profit as arrears stay low

CBA Matt Comyn Australia Interest Rates Commonwealth Bank
Matt Comyn said the bank recognises some customers are finding the higher cost of living very tough. (Dan Himbrechts/AAP PHOTOS)

Commonwealth Bank says it turned a $2.5 billion profit in the September quarter, up one per cent from a year ago, while observing a modest increase in consumer arrears despite soaring interest rates.

CBA said on Tuesday that just 0.49 per cent of its mortgage customers were 90 or more days behind on their payments, up "modestly" from 0.47 per cent from three months ago. 

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