CBA 0.70% $105.43 commonwealth bank of australia.

Fitch agency Bullish on Banks

  1. 5,316 Posts.
    SHAW Analyst Comments: Major banks
    July 29, 2002

    International credit rating agency, Fitch, has re-iterated that the asset quality of Australia’s 4 major banks remains strong - despite the potential fall out from the struggling global telecommunications industry, as recently highlighted with ANZ’s exposure to Marconi PLC.

    Positive news

    Positive news for the banks, Fitch has highlighted their well refined use of dynamic provisioning procedures thereby reducing pressure on the balance sheet over the long term. This reflects a process of ongoing improvements made since the property crash of the early 1990’s.

    Fitch commented

    “…even if ANZ’s exposure to Marconi PLC was added to its impaired assets as at 31 March 2002, gross impaired assets would only rise from around 1.2% to 1.4% of gross loans”. This would imply that the remaining 98.6% of ANZ’s loan book is continuing to add value to the bottom line – which is near record highs.

watchlist Created with Sketch. Add CBA (ASX) to my watchlist
(20min delay)
Mkt cap ! $179.9B
Open High Low Value Volume
$106.46 $107.25 $105.32 $191.2M 1.804M

Buyers (Bids)

No. Vol. Price($)
3 5734 $105.41

Sellers (Offers)

Price($) Vol. No.
$105.45 4179 1
View Market Depth
Last trade - 16.10pm 26/05/2022 (20 minute delay) ?
-0.740 ( 0.69 %)
Open High Low Volume
$106.54 $107.24 $105.33 445938
Last updated 15.59pm 26/05/2022 (live) ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.