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Capital

Capital . 29 July 2003. Marten Touw, Group Treasurer. www.commbank.com.au. Disclaimer.

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Capital

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  1. Capital 29 July 2003 Marten Touw, Group Treasurer www.commbank.com.au

  2. Disclaimer The material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation 29 July 2003. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate.

  3. Speaker’s Notes • Speaker’s notes for these presentations are attached below each slide. • To access them, you may need to save the slides in PowerPoint and view/print in “notes view.”

  4. Capital requirements must be aligned with business risks • CBA understands the capital needs of its businesses in the context of the economic risks of those businesses • Other measures of capital reflect proprietary assessment criteria designed to fit a particular decision making framework

  5. There are differing perspectives of “capital” • Shareholders • Regulators • Rating Agencies

  6. Capital to protect shareholders’ interests • Economic Equity • Internal models show CBA is strongly capitalised • Conglomerates - APRA review of internal models

  7. Capital to protect depositors’ interests

  8. Capital to protect policyholders’ interests $807m Total excess over capital adequacy: $807m

  9. Standard & Poor’s AA- “very strong” Stable Moody’s Aa3 “exceptional financial security” Stable Fitch AA “very high credit quality” Stable Capital to protect debtholders’ interests CBA’s capital position remains strong as evidenced by our credit ratings:

  10. Proposed changes to the regulatory environment • Conglomerates • Basel 2 • IAS • Capitalised Expenses

  11. Proposed changes to the regulatory environment • Conglomerates • Basel 2 • IAS • Capitalised Expenses

  12. Proposed changes to the regulatory environment • Conglomerates • Basel 2 • IAS • Capitalised Expenses

  13. Proposed changes to the regulatory environment • Conglomerates • Basel 2 • IAS • Capitalised Expenses

  14. Summary • CBA understands the capital needs of its businesses in the context of the economic risks of those businesses • CBA’s capital position reflects the requirements of: • Shareholders • Regulators • Rating Agencies

  15. Capital 29 July 2003 Marten Touw, Group Treasurer www.commbank.com.au

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