The Commonwealth Bank has increased its stake in Aussie Home Loans to 80%, with the company saying it has plans to eventually gain full ownership of the company. CBA purchased 33% of Aussie Home Loans four years ago. The announcement was made today, with current Aussie executive chairman John Symond to remain in his current role. "We recognise the strength and reputation of the Aussie brand and name in the Australian mortgage market and also the importance of broker distribution of home loans and other financial products," CBA group executive group strategic development, Rob Jesudason said in a statement. "For Aussie, it will be business as usual as it continues to provide a full range of services to brokers and lenders in the way it always has." Symond said the arrangement was a "great opportunity". "We now have the opportunity to grow by investing in our product and service offerings and will remain a strong competitor in the mortgage broking channel," Symond said.