Best bank: Commonwealth Bank of Australia
Commonwealth Bank of Australia (CBA) has solidified its standing as Australia’s best bank, driven not only by robust financial performance but also by its disciplined approach to margin management. Under the stewardship of chief executive Matt Comyn, the bank has strategically opted not to compete for less profitable mortgage customers to focus on delivering sustainable returns.
In the 2023 financial year, CBA outperformed its peers, posting the highest net profit after tax at A$10.2
Thanks for your interest in Euromoney!
To unlock this article:
