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Commonwealth Bank of Australia (CBAUF) Q2 2024 Earnings Call Transcript

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Commonwealth Bank of Australia (OTCPK:CBAUF) Q2 2024 Earnings Call Transcript February 13, 2024 6:30 PM ET

Company Participants

Melanie Kirk – Head of Investor Relations

Matthew Comyn – CEO, MD & Executive Director

Alan Docherty – Group Executive of Financial Services & CFO

Conference Call Participants

Andrew Triggs – JPMorgan

Jonathan Mott – Barrenjoey Markets

Richard Wiles – Morgan Stanley

Carlos Cacho – Jarden

Victor German – Macquarie Research

Andrew Lyons – Goldman Sachs

Brendan Sproules – Citigroup Inc

Ed Henning – CLSA Limited

Melanie Kirk

Hello, and welcome to the Commonwealth Bank of Australia’s results briefing for the half year ended 31 December 2023. I’m Melanie Kirk, and I’m Head of Investor Relations. Thank you for joining us for this briefing. We will be having presentations from our CEO, Matt Comyn, with an update on the business and an overview of the results. Our CFO, Alan Docherty will provide the details of the results, and Matt will then provide an outlook and summary. The presentations will be followed by the opportunity for analysts and investors to ask some questions.

I’ll now hand over to Matt. Thank you, Matt.

Matthew Comyn

Well, thanks very much, Mel, and good morning, everyone. It’s good to be with you today to present the bank’s half year results. Throughout the half, we’ve continued to focus on supporting our customers and communities, investing for the future, and providing strength and stability for the broader economy. We know that many Australians are feeling under pressure and are finding it harder and harder to deal with the current cost of living.

So let me say directly to those customers who are facing hardship or are feeling stretched, we are here to support you. This includes home loan repayment pauses for up to 12 months, loan deferrals, interest-only loans and flexible payment



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