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Australia's CBA announces A$5b rights issue, record profit

Mr Narev said tighter regulatory capital requirements would not affect the bank's dividend payments, which are among the highest in the Asia-Pacific region.


COMMONWEALTH Bank of Australia unveiled a A$5 billion (S$5.16 billion) rights issue and another record profit on Wednesday, completing a round of fundraising by Australia's "Big Four" lenders designed to strengthen their finances.

CBA, the country's No 2 lender by assets,...

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