CBA’s profits decreased by 8% in the first half, but the company decided to increase its dividend.

CEO of Commonwealth Bank, Matt Comyn, has recently announced that the bank is anticipating an increase in both arrears and impairments. This news comes as a concern for the bank and its customers, as it could potentially have a significant impact on their financial stability.

What are Arrears and Impairments?

Before delving into the details of the CEO’s statement, it is important to understand what arrears and impairments mean in the banking world.

Arrears refer to the amount of money that a borrower has failed to repay on their loan or credit card within the agreed upon time frame. This can be due to various reasons such as financial difficulties, job loss, or simply forgetting to make a payment.

On the other hand, impairments are the losses that a bank incurs when a borrower is unable to repay their loan or credit card. This can happen  

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