CBA Sees Home Loan Volumes Stabilize as Impairment Expense Rises to A$788M
Commonwealth Bank reports stabilization in home loan applications, softening housing activity, and a rise in loan impairment expense to A$788 million. The bank also noted a A$1 billion share buyback expiring in August 2026.
CBA
Commonwealth Bank of Australia (CBA) said home loan application volumes appeared to have stabilised in recent weeks after a previous surge, while housing activity softened from a high base.
The bank reported a full-year loan impairment expense of A$788 million, up from low levels in the prior period, citing a rise in arrears across some consumer portfolios.
In a separate update, CBA confirmed that its A$1 billion on-market share buyback will expire on August 12, 2026.
Source: First Squawk