Wednesday, February 14, 2024

Higher mortgage stress but "still resilient" economy: Commonwealth Bank boss Matt Comyn

Commonwealth Bank chief executive Matt Comyn says there has been a slight increase in loan arrears and impairments as Australians struggle to pay their mortgage. 

But he still sees the economy as "fairly resilient" despite aggresive interest rate rises. 

Mr Comyn also called for flexibility in the "right to disconnect" and still thinks there's a future for cash.

Commonwealth Bank has revealed an 8 per cent fall in its half year profit to $4.8 billion. 

Matt Comyn speaks with ABC's Peter Ryan


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