1H24 Financial Results
Provisions1
Peer leading provision coverage of 1.64%
Provision coverage²/CRWA
%
1.64
1.58
Total
provision
1.45
coverage
1.26
Collective
provision
coverage
1.45
1.43
1.35
1.16
CBA
Dec 23
Peer 2
Sep 23
Peer 3
Sep 23
Peer 1
Sep 23
Individually
Collectively
assessed
assessed
Provisions by stage
Credit
exposures
Credit
provisions
Dec 23
Stage 2 exposures
by credit grade³
$m
Jun 23
Dec 23
Jun 23
Stage 1
921,565
913,693
1,709
1,752
$198bn
$188bn
Weak
Stage 24
187,874
198,203
2,889
2,929
Stage 3
6,210
6,648
598
649
159
Pass
156
Stage 3
1,567
1,383
754
733
Total
1,117,216
1,119,927
5,950
6,063
24
32
Investment
Jun 23
Dec 23
1. AASB 9 classifies loans into stages; Stage 1 - Performing, Stage 2 – Performing but significantly increased credit risk, Stage 3 – Non-performing. Performing relates to Stage 1 and Stage 2. Non-performing
relates to Stage 3. Stage 2 is defined based on a significant deterioration in internal credit risk ratings, as well as other indicators such as arrears. Assessment of Stage 2 includes the impact of forward-looking
adjustments for emerging risk. 2. Excludes estimated impairment provisions for derivatives at fair value. 3. Segmentation of loans in retail and risk rated portfolios is based on the mapping of a counterparty's
internally assessed PD to S&P Global ratings (refer Pillar 3), reflecting a counterparty's ability to meet their credit obligations. 4. The assessment of significant increase in credit risk includes the impact of
forward looking multiple economic scenarios in addition to adjustments for emerging risks at an industry, geographic location or particular portfolio segment level, which are calculated by stressing an exposure's
internal credit rating grade at the reporting date. This accounts for approximately 62% of Stage 2 exposures as at 31 December 2023 (30 June 2023: 62%, 31 December 2022: 59%). In 1H24, the Group
recalibrated the capital model for the large corporate portfolio which resulted in a higher proportion of exposures allocated to Stage 2 as at 31 December 2023. This change did not have an impact on
provisioning coverage as the Group recognised an increase in provisions for the expected impact of the new model in the prior period.
80View entire presentation