Feb 14 (Reuters) - Commonwealth Bank of Australia (CBA) :...

Feb 14 (Reuters) - Commonwealth Bank of Australia (CBA) :

• ANNOUNCES INTERIM DIVIDEND OF 215 AU CENTS PER SHARE
• HY CASH NPAT A$5,019 MILLION
• HY NET INTEREST MARGIN 1.99%
• HY REVENUE FROM ORDINARY ACTIVITIES A$13,578 MILLION, DOWN 3%
• AS AT DEC 31, COMMON EQUITY TIER 1 CAPITAL RATIO 12.3%
• HY NET INTEREST INCOME ON CASH BASIS A$11,404 MILLION
• WE EXPECT FINANCIAL STRAIN TO CONTINUE IN 2024
• REMAIN OPTIMISTIC ABOUT THE OUTLOOK FOR THE AUSTRALIAN ECONOMY
• AUSTRALIAN ECONOMY HAS BEEN FAIRLY RESILIENT
• IN HY, TROUBLESOME AND IMPAIRED ASSETS DECREASED TO A$6.9 BILLION
• ON COMPLETION OF A$1 BILLION ON-MARKET SHARE BUY-BACK, BANK’S CET1 CAPITAL RATIO IS EXPECTED TO REDUCE BY ABOUT 18 BPS
• DOWNSIDE RISKS ARE BUILDING IN AUSTRALIA AS SLOWING DEMAND AND PERSISTENT INFLATION IMPACT AUSTRALIAN BUSINESSES
• IN HY, GROSS IMPAIRED ASSETS DECREASED BY A$89 MILLION TO A$3.2 BILLION
• REMAIN WELL PROVISIONED AND CAPITALISED, WITH CAPACITY TO NAVIGATE UNCERTAIN ECONOMIC ENVIRONMENT
• ONGOING GEOPOLITICAL TENSIONS ALSO CREATE UNCERTAINTY IN AUSTRALIA
• IN HY, CONSUMER ARREARS HAVE INCREASED IN RECENT MONTHS BUT REMAIN HISTORICALLY LOW
• IN HY, TOTAL LOAN IMPAIRMENT PROVISIONS INCREASED TO A$6,063 MILLION FROM A$5,950 MILLION AS AT 30 JUNE 2023
• IN HY, LOAN IMPAIRMENT EXPENSE DECREASED A$96 MILLION
• AS AT HY-END, HOME LOAN 90+ DAY ARREARS WERE 0.52%, AN INCREASE OF 5 BASIS POINTS ON THE PRIOR HALF
• IN HY, TOTAL IMPAIRMENT PROVISIONS INCREASED TO A$6,063 MILLION