At is Annual General Meeting held in May, Commonwealth Bank announced assets of some $619 million at the end of the first quarter, already a $29 million increase over asset figures at the end of 2000 which year saw a 17% expansion in total assets. The year 2000 had delivered record earnings and profits, for the fourth consecutive year. Earnings per share grew 19%, with the return on common shareholders’ equity up by 34%.

Personal banking services, including an expanded mortgage portfolio, represent the core business of Commonwealth Bank.