Australia’s largest company, with a market capitalization of US$195 billion, raised its dividend as the lending giant posted a 4.2% rise in annual profit on strong volumes and stable margins.

Commonwealth Bank of Australia reported its best full-year cash earnings and announced a record dividend payout on Wednesday, as strong growth in home and business lending volumes and stable underlying margins bolstered its profits.

Commonwealth Bank of Australia reported its best full-year cash earnings of A$10.25 billion ($6.69 billion) and a record dividend payout on Wednesday as the bank made a major push to gain business lending market share from its rivals.