Commonwealth Bank of Australia Ltd (CBA) has flagged more provisions from bad loans to affect its profit.
This will be in addition to the $440 million writedown from the financially troubled ABC Learning Centres Ltd that the bank has already announced. Chief financial officer David Craig said the increased provisioned would take into account future corporate failures, including the potential failure of Centro Properties before the bank closes its books on the half year to December 31, 2008.
CNP Price at posting:
6.2¢ Sentiment: None Disclosure: Held
