Commonwealth Bank, Australia’s largest retail bank, has reported a record $10.16bn in profit for the 2022-23 financial year.

Commonwealth Bank reports $10bn profit as Aussies face rising debt

Commonwealth Bank, Australia’s largest retail bank, has reported a record $10.16bn in profit for the 2022-23 financial year. Image: via Wikimedia Commons Commonwealth Bank, Australia’s largest retail bank, has reported a record $10.16bn in profit for the 2022-23 financial year, 6% higher than the previous year. The bank’s increasing profit margins correlate to steep mortgage…