Commonwealth Bank reveals full-year cash profit plunge as coronavirus cracks begin to show

The Commonwealth Bank has revealed the latest economic damage from the pandemic with an 11 percent plunge in its full year cash profit to $7.3 billion. 

Facing the prospect of surging unemployment and a possible hit to housing prices, the CBA has ramped up its provisions for rising loan losses to $2.5 billion. 

Chief executive Matt Comyn tells ABC's Peter Ryan the health and economic outlook is "uncertain" but he's encouraged that the number of CBA customers on home loan deferrals has fallen to 135,000. 

Mr Comyn spoke this morning with the ABC's senior business correspondent Peter Ryan.