The financial crisis still continues in Australia. But the Common wealth Bank CEO Ralph Norris feels that the crisis may be a bit less effective after the month of July or August.

For the recovery from this crisis, the bank has now demanded more mortgages and also is going to make some serious make over on their business rates.

The only thing the bank is looking forward now is to find out some strength to get rid of the financial disaster. Norris has said, this kind of makeover is really dependent upon the customers and they have to believe in bank’s terms and conditions. This is going to be a major challenge for the bank in coming time. It is been reported earlier that, the bank had already generated more than 6 billion dollars till end of June and the earning was 42% high against its previous year’s earning.

But the CEO still feels that the other half of the year is going to be more profitable if the consumers will agree with the bank’s new policy. It is been really good in the time of crisis that the bank is still getting profits but it needs to continue that performance further.