CommBank IT services expenses rise to $627m

By Ry Crozier on Feb 14, 2013 7:49AM

Not quite finished with core modernisation?

The Commonwealth Bank of Australia has booked an eight percent rise in IT services expenses to $627 million for the six months to December 2012. The bank attributed the rise primarily "to additional system support costs and increased software amortisation driven by the Core Banking Modernisation ...

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