On Wednesday, official announcements shared by the Commonwealth Bank revealed that the bank's earnings for the first-half of the year managed to rise by 13% as compared to the previous year, mainly on the back of strong loan growth in important segments and a sharp fall in bad debt charges.

Net earnings for the six months up-to December 31, managed to rise to hit an all-time record high of A$2.91 Billion, from last year's figure of A$2.57 Billion. Interim dividend by the group was hiked to A$1.20 per share from A$1.13.

"This is a very good result at a time when many of our global peers struggle with the ongoing consequences of the global financial crisis", Chief Executive Ralph Norris said, while forecasting a continued growth in loan demand.

"We had an increase in mortgage rates above the cash rate move in December, and we are in a situation where that probably did contribute to the fact we did not have a rate rise this month. We will play it by ear, but there's a balancing act between the interest of our customers and our shareholders", he said.