Australia's big four banks just posted a massive combined $30 billion in cash profit

Photo: Chris Jackson/Getty Images.

Australia’s big four banks have posted a combined $30 billion in cash profit for the latest full year.

The result, a rise across the four of 5.4%, is within expectations with some minor variations from bank to bank.

Westpac was the last of the banks to post results today, a 3% rise in full year cash profit to $7.82 billion, driven by retail and business banking.

Here are the results for all four:

The NAB’s full year cash profit rose 15.5% to $5.84 billion as its Australia business improved and it announced a timetable to float its UK business and the sale of most of its insurance unit.

The ANZ Bank posted a weaker than expected full year cash profit of $7.2 billion, a “modest” rise of just 1%.

The Commonwealth Bank posted a full year cash profit of $9.137 billion, up 5% on the $8.68 billion the previous year. The Commonwealth is the only one of the big four to operate on a July to June financial year.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.