sydneycommonwealth bank of australia posted a 60 rise in annual net profit driven partly by volume growth across its core businesses and a revision in pandemicrelated provisions cba australias biggest bank by market value and the countrys largest mortgage lender said its net profit rose to 1077 billion australian dollars us750 billion in the 12 months through june from a1018 billion a year earlier on a statutory basis cash earningsthe measure followed by analysts that strips out items including hedging and losses or gains on acquisitions and asset salesrose 11 to a960 billion directors of the company declared a final dividend of a210 a share up from a200 last year the banks closely watched common equity tier 1 capital ratio a key measure of a banks ability to withstand financial shocks was 115 down 160 basis points on year consensus forecasts compiled by factset projected cbas fullyear profit would be a1045 billion