Commonwealth Bank of Australia (CBA.AX)
2 Dec 2016
Thu, Nov 17 2016
(The following statement was released by the rating agency) SYDNEY, November 17 (Fitch) Fitch Ratings has assigned Commonwealth Bank of Australia's (CBA, AA-/Stable/F1+) Series 58 AUD700m, Series 59 AUD1.4bn and Series 60 AUD200m mortgage covered bonds ratings of 'AAA'. The Outlook is Stable. This brings the total outstanding issuance of covered bonds to AUD29.1bn. Series 58 and 60 are fixed-rate bonds and Series 59 is a floating-rate bond. Series 58 and 59 are due in November 2021 and Se
(Corrects date in dateline to Nov 8) By Jamie Freed SYDNEY, Nov 8 Commonwealth Bank of Australia , the country's biggest bank by market value, on Tuesday reported flat first-quarter unaudited cash earnings of A$2.4 billion ($1.85 billion) as margins tightened because of higher funding costs. Australian bank returns have been under pressure from higher wholesale funding and deposit costs, as well as regulatory changes requiring them to hold more capital against their mo
SYDNEY, Nov 7 Commonwealth Bank of Australia , the country's biggest bank by market value, on Tuesday posted flat first quarter unaudited cash earnings of A$2.4 billion ($1.85 billion) while bad debts fell slightly as a proportion of loans.
* Fee refunds for affected advice customers from as far back as 2007 have commenced
* confirm that, on 20 october 2016, it issued u.s.$750 million worth of subordinated notes.
SYDNEY, Oct 4 The head of Commonwealth Bank of Australia said he was open to the prospect of a tribunal to help victims of poor banking practices, adopting a conciliatory stance as a parliamentary committee began questioning banks amid a public backlash over lending policies.
SYDNEY, Oct 4 Commonwealth Bank of Australia chief executive Ian Narev said on Tuesday the bank will ensure it corrects mistakes made on customer accounts and learns from them.
SYDNEY, Aug 10 Commonwealth Bank of Australia CEO Ian Narev on Wednesday hit back at criticism of the banking sector as the nation's No.2 lender posted its seventh straight record profit, saying strong banks were good for the economy as a whole.
SYDNEY, Aug 10 Commonwealth Bank of Australia , the nation's No.2 lender, on Wednesday posted a record annual cash profit as demand for home loans fuelled a 3 percent rise in earnings although bad debt charges jumped led by a commodity slump.
(The following statement was released by the rating agency) SYDNEY, July 27 (Fitch) Fitch Ratings has assigned Commonwealth Bank of Australia's (CBA, AA-/Stable/F1+) Series 56 EUR1.25bn mortgage covered bonds a rating of 'AAA'. The Outlook is Stable. The fixed-rate bond is due in July 2026 and benefits from a 12-month extendable maturity. KEY RATING DRIVERS The rating is based on CBA's Long-Term Issuer-Default Rating (IDR) of 'AA-', a discontinuity cap (D-Cap) of 4 notches and the asset perc