1H24 Financial Results
Home loans - CBA ex BWA¹
A disciplined approach to portfolio quality, growth and sustainable returns
Portfolio1
Dec 22
Jun 23
Dec 23
New business1
Dec 22
Jun 23
Dec 23
Total balances - spot ($bn)
483
494
491
Total funding ($bn)
65
60
55
Average funding size ($'000)8
418
427
447
Total balances
average ($bn)
477
489
490
Serviceability buffer (%)⁹
3.0
3.0
3.0
Total accounts (m)
1.7
1.7
1.6
Variable rate (%)
Variable rate (%)
65
71
79
Owner occupied (%)
Owner occupied (%)
Investment (%)
Line of credit (%)
71
70
70
28
29
29
1
1
Proprietary (%)²
60
60
61
Broker (%)²
40
40
Interest only (%) 2,3
9
10
Lenders' mortgage insurance (%) 2
17
16
First home buyers (%)²
10
9
Mortgagee in possession (bpts)2
2
1
Annualised loss rate (bpts)²
1
1
Portfolio dynamic LVR (%) 2,4
44
44
Customers in advance (%) 2,5
75
76
Payments in advance incl. offset2,6
33
30
Offset balances - spot ($bn)²
59
58
22-52150
2-77586
Proprietary (%)²
Investment (%)
Line of credit (%)
Broker (%)²
Interest only (%) 10
39
Lenders' mortgage insurance (%)²
21208222
92
94
71
68
29
32
0
58
61
42
39
19
20
21
8
First home buyers (%)²
11
11
2430 438 =
96
64
36
67
33
11
9
1. All portfolio and new business metrics are based on balances and funding respectively, unless stated otherwise.
All new business metrics are based on 6 months to December 2022, June 2023 and December 2023. CBA excluding
Bankwest and ASB.
2. Excludes Residential Mortgage Group.
3. Excludes Viridian Line of Credit.
4. Dynamic LVR defined as current balance/current valuation.
1
5. Any amount ahead of monthly minimum repayment; includes offset facilities.
44
6. Average number of monthly payments ahead of scheduled repayments.
7. Gross funding includes internal refinancing and top-ups, Viridian Line of Credit and Residential Mortgage Group.
31
8. Average funding size defined as funded amount/number of funded accounts. Excludes Residential Mortgage Group.
9. Serviceability test based on the higher of the customer rate plus an interest rate buffer or minimum floor rate.
10. Based on the APRA definition of Interest Only reporting, inclusive of construction loans.
63
87View entire presentation