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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.