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Nine per cent rise in quarterly lending at CBA

14 November 2008 5:26PM
Commonwealth Bank yesterday published its "pillar 3" disclosures required by APRA and consistent with the principle of greater scrutiny under the Basel 2 capital regime. CBA is the first bank to do so.The report shows CBA increased corporate and business lending by six per cent over the three months to September 2008; increased residential lending by five per cent and consumer lending by only 0.9 per cent.Total credit exposures increased by nine per cent over the quarter, with the largest increase affecting the categories "bank", reflecting loans to other banks, credit unions and building societies and also "sovereign" exposures.The data shows a slight drop in impaired residential mortgages while also showing an increase in loans more than 90 days past due, though the overall level of stressed loans remains very small.

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