CBA Profit Surges on Mortgage and Business Loan Growth Despite Inflation Concerns

Commonwealth Bank of Australia's full-year profit exceeded expectations due to strong growth in mortgages and business loans. The bank reported its results on August 11, 2026, as Reserve Bank Governor Michele Bullock warned that a further interest rate increase is 'quite possible' given persistent inflation.

CBA chief Matt Comyn noted that higher rates and inflation are putting uneven pressure on households, despite the bank's strong performance in lending. The bank's key businesses of mortgages and loans to companies saw significant growth, leading to a profit that surpassed estimates.