The Courier-Mail

Which bank records $9b profit

Ashes burn but WAGs are to stay


THE nation’s biggest bank has recorded the biggest ever annual profit, recording a $9.1 billion net profit for the year to June.

Unveiling the 5 per cent profit rise for the year to June, Commonweal­th Bank chief Ian Narev said the Australian economy had some “good foundation­s” for growth.

The institutio­n’s 800,000 mum and dad shareholde­rs are set to share in the healthy bottom line, with the bank raising its final dividend by four cents to $2.22 per share, taking the total for the year to $4.20 per share. This will pay out about $6.8 billion in dividends.

The CBA will also tap shareholde­rs for billions to strengthen its cash buffers as the regulator asks all big lenders to fortify their books to guard against another financial crisis. CRICKET selector Rod Marsh says there will be no change to the policy of having wives and girlfriend­s on tour, despite behind-the-scenes arguments being blamed in part for Australia’s woeful Ashes campaign.

He said the argument over significan­t others being a factor in this Ashes catastroph­e was “codswallop”.

“You can’t – in this day and age (ban the wives and girlfriend­s),” said Marsh, the chairman of selectors.

“The scheduling is such that you can’t play cricket unless you see your family.”

Coach Darren Lehmann said WAGs would never be banned from touring as long as he was in charge.

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