CBA Ready to Meet the Changes Brought By Reserve Bank Of New Zealand

  • Dec 05, 2019 AEDT
  • Team Kalkine

Commonwealth Bank of Australia (ASX: CBA), based on the release by Reserve Bank of New Zealand (RBNZ) on the final capital requirements for banks in New Zealand, confirmed that it is well positioned to meet the changes brought by RBNZ, keeping in mind that the significant increase in capital will increase the cost of providing loans to the customers.

CBA will also look at the ways in which it can reduce the financial impact from the requirements and support in the growth of its customer as well as the economy.

CBA’s shares at AEST: 1:45 PM quoted $78.500, 0.88% above its previous close.

 

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