Earnings Call Summary | COMMONWEALTH BANK OF AUSTRALIA(CBAUF.US) Q2 2024 Earnings Conference
Earnings Call Summary | COMMONWEALTH BANK OF AUSTRALIA(CBAUF.US) Q2 2024 Earnings Conference
The following is a summary of the Commonwealth Bank of Australia (CBAUF) Q2 2024 Earnings Call Transcript:
以下是澳大利亞聯邦銀行(CBAUF)2024年第二季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Commonwealth Bank of Australia reported a statutory profit of $4.8 billion for the half, with continuing cash profit a little above $5 billion.
Both cash profit and pre-provision profit were 3% lower than the previous half due to competitive pressures and inflationary costs.
Loan impairment expenses fell due to improved credit quality in retail, business, and institutional lending.
Net interest income fell despite a 4% growth in average interest-earning assets whereas operating expenses grew by 4% due to rising wages and supplier costs.
Despite economic headwinds and increased deposit competition, the bank maintained a strong balance sheet and saw improvements in customer net promoter scores and net interest income.
The bank ended with a common equity Tier 1 ratio of 12.3% and financial buffers of $2.2 billion.
澳大利亞聯邦銀行報告稱,上半年的法定利潤爲48億美元,持續現金利潤略高於50億美元。
由於競爭壓力和通貨膨脹成本,現金利潤和撥備前利潤均比上半年下降3%。
由於零售、商業和機構貸款信貸質量的改善,貸款減值支出下降。
儘管平均利息收入資產增長了4%,但淨利息收入下降了,而由於工資和供應商成本的上漲,運營支出增長了4%。
儘管存在經濟不利因素和存款競爭加劇,但該銀行仍保持了強勁的資產負債表,客戶淨推薦人得分和淨利息收入均有所改善。
該銀行收盤時普通股一級比率爲12.3%,財務緩衝額爲22億美元。
Business Progress:
業務進展:
CBA has focused on supporting its customers through loan repayment pauses, loan deferrals, interest-only loans, and flexible plans, delivering about $4 billion in dividends in the half.
The bank continues its digital initiative, helping 3 million customers manage their finances and sees its digital platform as a key driver for future growth.
CBA provided $18 billion in loans to small businesses and $75 billion funding for public services in Australia.
The bank aims to improve services and experience for the customers, intending to compete forcefully for main banking relationships.
CBA invested heavily in digitalization and other areas like cloud computing and scam prevention for improving business operation.
The bank plans to meet APRA TLAC requirements by gradually issuing Tier 2 debt until 2026 and aims to offer shareholders sustainable dividends and long-term capital growth.
CBA一直專注於通過暫停還貸款、貸款延期、純息貸款和靈活計劃爲客戶提供支持,在上半年提供約40億美元的股息。
該銀行繼續其數字化計劃,幫助300萬客戶管理財務,並將其數字平台視爲未來增長的關鍵驅動力。
CBA向澳大利亞的小企業提供了180億澳元的貸款,爲澳大利亞的公共服務提供了750億澳元的資金。
該銀行旨在改善客戶的服務和體驗,打算激烈競爭主要的銀行關係。
CBA在數字化以及雲計算和欺詐預防等其他領域進行了大量投資,以改善業務運營。
該銀行計劃通過在2026年之前逐步發行二級債券來滿足APRA TLAC的要求,並旨在爲股東提供可持續的股息和長期資本增長。
More details: COMMONWEALTH BANK OF AUSTRALIA IR
更多詳情: 澳大利亞聯邦銀行 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。