The Commonwealth Financial institution has reported a half-yearly revenue of $4.7 billion, up 23 per cent on the identical interval final yr.
CBA advised shareholders it had delivers robust monetary and operational efficiency in "a low price setting" by specializing in prospects and disciplined investments.
The financial institution raised its interim dividend 17 per cent to $1.75 per share, and introduced an additional $2 billion share buy-back.
CEO Matt Comyn stated the financial institution expects Australia's economic system to be robust in 2022 regardless of ongoing challenges related to COVID-19.
"Australian households have amassed financial savings and stronger wage progress is predicted. A rise in demand for items relative to companies, supply-chain constraints and tightening labour markets will probably result in an additional improve within the price of inflation," Mr Comyn stated.
"Whereas the inflationary danger doesn't presently seem as excessive in Australia, relative to international peer nations, the RBA has introduced the tip of quantitative easing in February.
"The CBA Economics crew's forecast is for a modest financial coverage tightening cycle via FY23, with the primary official rate of interest improve forecast for August 2022."
CBA's working efficiency was up 4 per cent to greater than $6.6 billion whereas working bills have been largely flat at round $5.6 billion.
In his outlook, Mr Comyn stated the financial institution was concentrating on digital methods of banking as a method of extending its efficiency out there.
"Wanting forward, we are going to proceed to put money into the enterprise to increase our product providing to our retail and enterprise prospects and lengthen our digital management," Mr Comyn stated.
"We're properly positioned to assist enterprise funding to construct Australia's future economic system."
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