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Commonwealth Bank of Australia has approved repayment deferrals on 71,000 business loans, 144,000 home loans and 25,000 personal loans. Photo: Attila Csaszar

CBA takes $1.5bn COVID hit, warns on house prices

Commonwealth Bank is setting aside $1.5 billion for potential defaults on account of COVID-19-related shutdowns and will sell a majority stake in its Colonial First State wealth management unit, as it braces for an economic slowdown and falls in house prices.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
244thRio Tinto12%-1%
259thANZ Banking Group9%14%
345thWestpac-2%13%
368thCommonwealth Bank-7%14%
674 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Revenue

3rd↓Rio Tinto$49,225.3m
4th-Commonwealth Bank$27,005.0m
6th↑Westpac$21,642.0m
7th-ANZ Banking Group$21,071.0m
76 listed non wa companies ranked by revenue.
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