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BRIEF-Commonwealth Bank Of Australia Posts Qtrly Unaudited Cash NPAT Of About $1.8 Bln

Published 11/11/2020, 08:14 am
Updated 11/11/2020, 08:18 am
© Reuters.
CBA
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Nov 11 (Reuters) - Commonwealth Bank of Australia CBA.AX :

* COMMONWEALTH BANK OF AUSTRALIA - SEPTEMBER QUARTER 2020 TRADING UPDATE-CBA.AX

* AS AT SEPT 30, CET1 RATIO 11.8%

* QTRLY UNAUDITED STATUTORY NPAT OF $1.9BN

* QTRLY UNAUDITED CASH NPAT OF ABOUT $1.8BN

* AS AT SEPT 30, TROUBLESOME AND IMPAIRED ASSETS WERE LOWER AT $8.4BN

* QTRLY LOAN IMPAIRMENT EXPENSE (LIE) WAS $550M

* CONTINUE TO CONTACT CUSTOMERS WITH OPTIONS AS THEY APPROACH END OF TEMPORARY LOAN REPAYMENT DEFERRAL PERIODS

* GROUP'S NET INTEREST MARGIN DURING QUARTER WAS LOWER THAN 2H20

* CONSUMER ARREARS CONTINUED TO BE INSULATED BY LOAN REPAYMENT DEFERRALS AND GOVERNMENT SUPPORT INITIATIVES THROUGH QUARTER

* AS AT 31 OCT, ABOUT 46,000 HOME LOANS REMAINED IN DEFERRAL, DOWN FROM 125,000 LOANS IN JUNE

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