Commonwealth Bank posts stellar $8.8b profit in face of economic uncertainty from lockdowns

Commonwealth Bank chief executive Matt Comyn has warned of ongoing economic impacts from the pandemic despite revealing a stellar full year profit. 

The bottom line for Australia's biggest bank is up almost 20 percent to $8.8 billion due to the recent economic rebound and a fall in bad loans. 

While the CBA has ramped up its dividend to shareholders and announced a $6 billion share buy-back, Mr Comyn told ABC's Peter Ryan there are difficult days ahead for many locked-down business owners who might not survive.