• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Asian investments produce low returns for CBA

02 February 2010 5:41PM
Commonwealth Bank disclosed the aggregate earnings of its banking and insurance businesses in Asia for the first time yesterday. In all, this assembly of businesses, acquired on and off over 15 years, produced a cash net profit of $11 million in the December 2008 half year and a profit of $19 million in the June 2009 half year.The pre-tax profit from CBA's Asian business was $8 million in the December 2008 half year and $29 million in the June 2009 half year.Banking income picked up over the two halves, from $66 million to $95 million. Insurance income was largely static at around $18 million. The bank earns no fund management income in Asia.CBA published the profit for its Asian businesses, and a few other crumbs, in a reporting template for the bank's upcoming half-year profit. CBA will publish its interim profit on Wednesday next week.The bank makes much less noise about its Asian operations, though sometimes notes that it has more branches in Asia than ANZ.Most of CBA's Asian earnings arise from its longstanding investment in Indonesia, as well as its more recent, minority investments in China (where it holds stakes in Qilu Bank and Hangzhou City Commercial Bank). Profits from Asia represent less than one per cent of earnings of Commonwealth Bank. Banking income from the region represented 1.2 per cent of all banking income, so on that basis, and using only a short period of data, CBA's Asian investments look disappointing.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use