April 2 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* NOTES RBNZ DECISION TO FREEZE DISTRIBUTION OF DIVIDENDS ON ORDINARY SHARES BY ALL BANKS IN NEW ZEALAND
* STRONG LEVEL 1 SURPLUS CAPITAL POSITION MEANS CBA WELL PLACED TO ABSORB SUSPENSION OF ASB DIVIDENDS
* WELL CAPITALISED, AND AT DEC 31 2019 HAD LEVEL 2 CET1 CAPITAL RATIO OF 11.7% AND LEVEL 1 CET1 CAPITAL RATIO OF 12.1%
* LEVEL 1 SURPLUS CAPITAL POSITION MEANS CBA WELL PLACED TO ABSORB SUSPENSION OF ASB DIVIDENDS