CEO Andrew Thorburn discussed the results, which showed a 16% slump in cash profits
The bank sacked 20 employees last year over "liar loans" related to the program
The bank plans to invest $1.5bn a year in technology
The new platform promises loans that are up to 50% cheaper
Heads from the big four banks have written an open letter to the Treasurer urging a "properly constituted inquiry into the financial services sector"
The controversial bank tax has been abandoned in a move welcomed by the ABA and several major banks