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AAP
AAP
Derek Rose

Household debt at a decade-low: Commonwealth Bank boss

Commonwealth Bank Matt Comyn CBA
Commonwealth Bank is Australia's biggest home loan lender with a 25 per cent share. (Dan Peled/AAP PHOTOS)

Australian households are saving more and paying off debt as the economy grows faster than expected, according to the chief executive of the country's largest bank.

Commonwealth Bank chief executive Matt Comyn said on Wednesday that 87 per cent of its home loan customers were now in advance of their scheduled repayments, by an average of 35 payments.

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