Commonwealth Bank is scouting for takeover opportunities but there may nothing on the horizon that's cheap enough for the bank.
Ian Narev, the bank's CEO, told the Financial Review that there is "really nothing imminent" on the acquisition front.
"We look at things through our strategy tram continuously and we just can't find the right compelling opportunities and we won't be doing something just because we are in a better position than other banks," Narev told the newspaper.
"If we could find really god, value adding acquisitions we would be doing it."
- 'Nothing imminent' on M&A at CBA
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20 August 2012 7:16am
