CBA has reported a jump in profits.

Australian banking major, Commonwealth Bank of Australia re-emphasised just how unscathed the nation’s largest lenders have emerged from the global financial crisis, and on Friday reported a 44 per cent jump in first half profit to $2.9 billion.

Remember what Ralph Norris said in December 2009:

CBA chief executive Ralph Norris told AAP the introduction of new liquidity rules by the prudential regulator will force the bank to hike interest rates by up to 7 basis points.

Now where do we think the extra increase in interest rates went? Was it to combat funding costs? Or was it just for profit?