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Interest rates up, and so are bank profits #CBA

Posted on February 15, 2012 by Darin Sullivan in Main

The net profit of Australia’s biggest home lender rose 19 per cent from a year earlier. The record result comes just days after CBA and most other banks lifted interest rates independently of the Reserve Bank, stoking public anger.

About Darin Sullivan (1963 Articles)

Former President of the Fire Brigade Employees’ Union (2009-2018) and a professional firefighter with more than 30 years experience. I live and work on the NSW South Coast, Australia. I am a strong advocate for firefighters and emergency service workers with an interest in mental health issues and caring for those around me. I am a former Director on the NSW Fire Brigades Death and Disability Super Fund and work with charities including ‘The Movember Foundation’. As a leader and activist I have long been active in the campaign for action on climate change. I am a Station Commander in the fire and rescue service in NSW and have 30 years experience fighting fires, both rural and urban. I am passionate about highlighting the impact climate change is having on fire preparedness and fire behaviour in Australia, and the risks associated with inaction on climate change. I am also a spokesperson for the Australian Climate Media Centre.