🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Commonwealth Bank Of Australia Notes Release By Reserve Bank Of New Zealand

Published 05/12/2019, 12:35 pm
Updated 05/12/2019, 12:42 pm
© Reuters.  BRIEF-Commonwealth Bank Of Australia Notes Release By Reserve Bank Of New Zealand
CBA
-

Dec 5 (Reuters) - Commonwealth Bank of Australia CBA.AX :

* NOTES RELEASE BY RESERVE BANK OF NEW ZEALAND (RBNZ) ON FINAL CAPITAL REQUIREMENTS APPLICABLE TO BANKS IN NEW ZEALAND

* CBA'S LEVEL 2 CET1 RATIO AS AT 30 SEPTEMBER 2019 WAS 10.6% AND WILL NOT BE AFFECTED BY REQUIREMENTS

* CBA IS WELL PLACED TO MEET CHANGES

* WILL CONSIDER WAYS TO MINIMISE FINANCIAL IMPACT FROM REQUIREMENTS

* NOTING THAT A SIGNIFICANT INCREASE IN CAPITAL ULTIMATELY INCREASES COST OF PROVIDING LOANS TO CUSTOMERS

* ASB WILL REQUIRE AN ADDITIONAL NZ$3BN IN TIER 1 CAPITAL BY 1 JULY 2027

* AS AT 30 SEPTEMBER 2019, CBA'S LEVEL 1 CET1 RATIO WAS 11.0%

* "WELL PLACED TO MEET CHANGES"

* EQUITY INJECTION OF ADDITIONAL CAPITAL INTO ASB OVER TRANSITION PERIOD WOULD RESULT IN A REDUCTION IN CBA'S LEVEL 1 CET1 RATIO OF ABOUT 30BPS

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.