CBA has stats on 30 day arrears as well as 90 day arrears. @street talk is correct in saying the banks fully impair unsecured retail debt once it enters 90 days arrears, Zip does this at 180 days. A little odd.
In any case, comparing CBA's 90 day arrears + credit book against Zip's 180 days + shows some interesting insight.
CBA on the left show the highest its 90 + days credit card arrears rate reached was 1.03%. CBA 180 days would be lower (it is a subset). Zip shows 180 day arrears (bad debt) of 2.05%. Zip-s definition: Baddebts defined as those accounts written-off at greater than 180 days’ delinquent.
Actually looking at the below slide from Zip's FY18 presentation, why would the subset arrears of 180 days+ be higher than the superset arrears of 60 days+?
as you can see CBA 90 days is significantly lower than CBA 30 days.
Ann: Quarterly Report and Appendix 4C, page-71
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