CBA on track for record year The Commonwealth Bank remains on track for another record full-year profit after reporting quarterly cash earnings of $1.9 billion, maintaining the strong run of profit results for the major banks. In a statement to the stock exchange on Wednesday, the bank said its revenue growth continued to reflect a combination of conservative management and modest growth in the credit market. Like the other big four banks, Commonwealth Bank was able to increase its net interest margin in part by not passing on the full official Reserve Bank interest rate cuts over the past two years. The bank said its margin gains were "partly offset by higher funding costs." The bank did pass on the Reserve Bank's latest rate cut of 25 basis points in full this month. The bank reported growth in household deposits but said deposit margins remained under pressure in a competitive market. Deposit funding now made up 65 per cent of its funding. The bank's announcement follows a string of record half-year results for the other big four banks in the past month.