Australia’s biggest bank delivers bumper payout to shareholders as CBA vows to end lending to coal companies with no net zero plans
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Commonwealth Bank has posted a record cash profit while announcing it will cut off lending to coal companies without net zero emissions plans.
Australia’s biggest bank recorded $10.25bn in annual cash profits for the year to June - a 4% lift on the previous year - and delivered a bumper $2.60 payout per share to shareholders.
Continue reading...Source: Guardian - World News