Commonwealth Bank Reports a 20% drop in NPAT in FY2020 | ASX Market Update

August 12, 2020 06:28 PM AEST | By Team Kalkine Media

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Commonwealth Bank of Australia (ASX:CBA) released its FY2020 Results. Below is the financial summary.

Cash NPAT declined 20% to $967 million as compared to the previous year.

Statutory NPAT dropped 25% to $958 million.

Cash net interest margin reduced by 12bps to 2.11%.

Customer deposits increased 12% to $74 billion.

Funds management income rose 4% to $143 million.

Operating expenses soared 11% (cash basis).

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