im having a flick over the address to shareholders
Page 4
FY Profit of 3.3bn - good
Maintained full dividend of 1.36 for the year - Good
now
the results, were adversely affecter by a 1.4bn increase in credit impairment charges on lending, giving rise to total provision of 1.9billion; in addition, there was a 700 million charge for credit risk on derivitaves
further down the page
we strengthened our collective provision by 829 million which stands at 1.1% of credit risk weighted assets(Does anyone have the % for other banks like CBA/NAB etc?)
provisions bad but i dont think they need to raise capital by the first few pages i have read
im having a flick over the address to shareholdersPage 4FY...
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