SYDNEY (CU)_2020 was a challenging year for the financial industry across the globe, as banks and other service providers saw billions in loan payments deferred amid the economic downturn brought about by the pandemic. However, since the beginning of this year, many countries, including Australia, have resumed their economic activities on the back of large vaccination campaigns. This revival is expected to be reflected in the full-year results of the Commonwealth Bank of Australia (CBA), which are set to be delivered on Wednesday (11 August), in which the banking giant will show a cash profit of $8.6 billion, particularly supported by the resurgence in its retail banking arm.
Accordingly, the multinational bank is set to unleash…
