For personal use only Commonwealth Bank of Australia September - - PowerPoint PPT Presentation

▶
for personal use only
SMART_READER_LITE
LIVE PREVIEW

For personal use only Commonwealth Bank of Australia September - - PowerPoint PPT Presentation

Aug 26, 2022 9 likes •79 views

Determined to be better than weve ever been. For personal use only Commonwealth Bank of Australia September Quarter 2010 Information Pack For the quarter ended 30 September 2010 15 November 2010 Commonwealth Bank of Australia ACN 123 123 124

slide-1
SLIDE 1

Commonwealth Bank of Australia ACN 123 123 124

For the quarter ended 30 September 2010

15 November 2010

Determined to be better than we’ve ever been.

Commonwealth Bank of Australia

September Quarter 2010 Information Pack

For personal use only

slide-2
SLIDE 2

2

September Quarter 2010 Trading Update

Dis isclaimer claimer

The material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation, 15 November 2010. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with

  • r

without professional advice when deciding if an investment is appropriate.

For personal use only

slide-3
SLIDE 3

3

September Quarter 2010 Trading Update

Summary Summary – Septe September mber Qua Quarter rter 20 2010 10

Operating conditions remain challenging;

  • Global economic recovery still fragile; regulatory uncertainties
  • Muted system credit growth
  • Elevated funding costs

Unaudited cash earnings of approximately $1.6 billion;

  • Good cost discipline
  • Further gradual improvement in credit quality

CBA well positioned;

  • Strong organic capital generation - Tier 1 Capital Ratio increased to 9.6%
  • $92 billion in liquid assets
  • Strong provisioning – industry leading Total Provisions to Credit RWAs
  • Effective execution of strategic agenda setting platform for future growth

For personal use only

slide-4
SLIDE 4

4

September Quarter 2010 Trading Update

Busine usiness ss Summa Summary ry

 Disciplined cost control  Higher funding costs impacting margins  Arrears trending lower in key portfolios  Bankwest – solid performance

Australia - Retail

 Improved outlook, but confidence still fragile  Expect stronger system growth in 2nd Half  Modest growth in SME lending  Solid growth in deposits

Australia - Commercial

 Improving economic outlook  ASB performing relatively well  Improved margins  Consumer arrears stable  Good Funds Management income growth  FUA up 4.6%, FUM up 4.4%  FirstChoice positive netflows  Inforce premiums up 2.1%

Wealth Management New Zealand

For personal use only

slide-5
SLIDE 5

5

September Quarter 2010 Trading Update

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Sep 07 Mar 08 Sep 08 Mar 09 Sep 09 Mar 10 Sep 10

  • 30,000
  • 25,000
  • 20,000
  • 15,000
  • 10,000
  • 5,000

5,000 10,000

Total Upgrades Total Downgrades Net

Jun 09 Dec 09 Jun 10 Sep 10 bpts 35

40

bpts 39

Cred redit Q it Qua uali lity ty

Consumer arrears

30 days +

CBA Home Loans (incl customer assist) CBA Credit Cards Bankwest Home Loans CBA Personal Loans

Total and new impaired assets to GLA Total provisions to Credit RWA

CBA Sep 10 Peer 1 Sep 10 Peer 3 Sep 10 Peer 2 Sep 10

2

1.63% 2.32% 2.15%

1 Bpts is for the three months to Sep 2010. Prior periods are six-monthly figures. 2 Provisions do not include GRCL equity reserves or other similar adjustments.

2.15%

CBA Bankwest New

CBA Includes ASB

Quarter

  • nly

28 58

$4,210m

61

$4,823m

62

$5,216m

1

107 86 96 102

$5,464m

51 49 46 22 68

Portfolio migrations

Exposure ($m) Sep 06 Sep 07 Sep 08 Sep 09 Sep 10 Risk-Rated Portfolios

Includes ASB & Bankwest

For personal use only

slide-6
SLIDE 6

6

September Quarter 2010 Trading Update

Funding and Capital

Tier 1 capital ratio of 9.62%

$bn 6 Months to Jun 07

251 593 6 (2) 1 (3) 1 596

Funded Assets Jun 10 Deposits Short Term wholesale Long Term wholesale Dividend Accrual Equity Funded Assets Sep 10

bpts

Jun 07 Dec 07 Jun 08 Dec 08 Jun 09 Dec 09 Jun 10

Wholesale Funding Deposit Funding

Increased funding cost +1.35% +1.37% x 60% +1.33% x 40%

Basis Risk

Retail Bank funding costs Retail Bank margin Asset growth entirely deposit funded

9.10% 9.15% 9.62% 12.8%

Dec 09 Jun 10 Sep 10 Sep 10 CBA (UK FSA)

219 (7) 2 1 215

6 Months to Jun 10 Funding Pricing Other 3 Months to Sep 10

For personal use only

slide-7
SLIDE 7

Commonwealth Bank of Australia ACN 123 123 124

For the quarter ended 30 September 2010

15 November 2010

Determined to be better than we’ve ever been.

Commonwealth Bank of Australia

September Quarter 2010 Information Pack

For personal use only