1H24 Financial Results
Home loans - CBA¹
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 ($bn)
570
584
582
Total funding ($bn)
77
72
67
Total balances
average ($bn)
562
577
580
Average funding size ($'000)9
425
431
453
Serviceability buffer (%) 10
3.0
3.0
3.0
Total accounts (m)
2.0
2.0
1.9
Variable rate (%)
93
Variable rate (%)
66
72
81
Owner occupied (%)
72
Owner occupied (%)
Investment (%)
Line of credit (%)
71
71
28
1
Proprietary (%)²
Broker (%)²
53
47
Interest only (%) 2,3
Lenders' mortgage insurance (%) 2
Mortgagee in possession (bpts)²
9
18
22-40621-5201
2371720-5020
25
0.5
20
70
Investment (%)
Line of credit (%)
28
0
28
29
Proprietary (%)²
Broker (%)²
Interest only (%) 11
51
49
19
47
Negative equity (%) 2,4
Annualised loss rate (bpts)²
1
Portfolio dynamic LVR (%) 2,5
44
45
Customers in advance (%) 2,6
78
78
79
7. Average number of monthly payments ahead of scheduled repayments.
Payments in advance incl. offset 2,7
32
29
30
Offset balances - spot ($bn)²
70
69
75
Lenders' mortgage insurance (%)²
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 including Bankwest.
Excludes ASB.
2. Excludes Residential Mortgage Group.
3. Excludes Viridian Line of Credit.
4. Negative equity arises when the outstanding loan balance (less offset balances) exceeds updated house value. Based
on outstanding balances, taking into account both cross-collateralisation and offset balances. Excludes Line of Credit,
Reverse Mortgage, Commonwealth Portfolio Loans, Residential Mortgage Group and Unloan.
5. Dynamic LVR defined as current balance/current valuation.
6. Any amount ahead of monthly minimum repayment; includes offset facilities.
8. Gross funding includes internal refinancing and top-ups, Viridian Line of Credit and Residential Mortgage Group.
9. Average funding size defined as funded amount/number of funded accounts. Excludes Residential Mortgage Group.
10. Serviceability test based on the higher of the customer rate plus an interest rate buffer or minimum floor rate.
11. Based on the APRA definition of Interest Only reporting, inclusive of construction loans.
10
5820578
95
97
68
63
32
37
0
53
57
47
43
21
24
8
86View entire presentation