Commonwealth Bank of Australia (ASX:CBA) Chief Executive Matt Comyn said in an interview that the bank continues to see cost pressures across the business, including technology vendor costs, a range of new compliance obligations, continued wage growth, and broader technology investments, The Australian reported on Friday.

It increased investment by around 20% over the past three years to AU$2.3 billion in fiscal 2025. It plans to keep investment at this level to accelerate its technology and AI agenda.

He added that a modest cyclical upswing had begun after several years of weaker growth. The bank expects growth to continue within the year and to be about 2.2% a year by December.

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