News: CBA Commonwealth Bank Of Australia Posts Qtrly Unaudited Cash NPAT Of A$2.2 Bln

Nov 17 (Reuters) - Commonwealth Bank of Australia (CBA) :

• QTRLY UNAUDITED CASH NPAT A$2.2 BILLION
• UNAUDITED STATUTORY NPAT OF A$2.3 BILLION IN QUARTER
• AS AT SEPT-END, CET1 RATIO 12.5%
• GROUP'S NET INTEREST MARGIN WAS CONSIDERABLY LOWER IN THE QUARTER
• LOAN IMPAIRMENT EXPENSE OF A$103 MILLION IN SEPTEMBER QUARTER EQUATED TO 5 BASIS POINTS OF AVERAGE GROSS LOANS AND ACCEPTANCES
• DURING QUARTER, NON-INTEREST INCOME WAS 8% LOWER, PRIMARILY DRIVEN BY DIVESTMENT OF AHL
• DURING QUARTER, OPERATING EXPENSES REDUCED BY 1%, DRIVEN BY LOWER REMEDIATION COSTS
• AS AT SEPT-END, TROUBLESOME AND IMPAIRED ASSETS (TIA) WERE LOWER AT A$7.1 BILLION OR 0.55% OF TOTAL COMMITTED EXPOSURES
• INSURANCE INCOME EXPECTED TO REDUCE IN 2Q22 DUE TO EAST COAST/SA/TAS HAIL AND STORM RELATED EVENT CLAIMS IN OCT 2021

Source text https://www.commbank.com.au/content/dam/caas/newsroom/docs/CBA_1Q22_Trading_Update.pdf

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