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Asia

Lending of up to NZ$1.2 Billion to be Made Available Under Gas Transition Loan Guarantee Scheme, New Zealand Finance Minister Says

New Zealand's new Gas Transition Loan Guarantee Scheme is expected to make up to NZ$1.2 billion of bank loans available to businesses to eliminate or reduce their dependency on gas, the country's minister of finance, Nicola Willis, said in a statement on Monday.The maximum value of a supported loan under the scheme will be NZ$50 million. A business must be a current user of reticulated New Zealand natural gas with annual gas consumption of at least 1,000 gigajoules to be eligible for lending under the scheme.The scheme is expected to be available for three years, with loans expected to be repayable within 10 years, subject to terms agreed between banks and borrowers.The country's Budget 2026 sets aside NZ$48 million to cover potential losses from the scheme, and the government will guarantee 80% of each supported loan in order for banks to pass on lower interest rates to borrowers.

ASX:ANZASX:CBAASX:WBCNZE:ANZNZE:WBC
Asia

Australian Clinical Labs Says Commonwealth Bank Stake Rises

Australian Clinical Labs (ASX:ACL) said the Commonwealth Bank of Australia's (ASX:CBA) voting power in the company rose to 8.31% from 7.29% as of May 22, according to a Monday Australian bourse filing.The bank now holds 15.6 million ordinary shares of the firm.

ASX:ACLASX:CBA
Asia

Commonwealth Bank of Australia Issues 1.25 Billion Euros of Subordinated Notes

Commonwealth Bank of Australia (ASX:CBA) issued 1.25 billion euros worth of subordinated fixed reset notes due May 21, 2037, on Thursday, as part of its euro medium term note program totaling $70 billion, according to a Thursday Australian bourse filing.The notes will carry an initial interest rate of 4.454% per annum payable annually in arrears up to, but excluding, the optional redemption date of May 31, 2036.The subordinated notes potentially exchange into fully paid ordinary shares of the bank if a non-viability trigger event occurs. The maximum exchange number is 48.04 ordinary shares per subordinated security, with a nominal value of AU$1,628.70.The bank's shares rose 1% in recent trading on Thursday.

ASX:CBA
Asia

Market Chatter: Australian Banks' May Reporting Season 'Underwhelming,' Operating Conditions Shifting Rapidly, Morgan Stanley Says

Australian banks' reporting season in May was "underwhelming" and they faced a rapid and material shift in operating conditions, according to Morgan Stanley analysts Richard Wiles and Sally Hong, the Australian Financial Review reported Wednesday.Morgan Stanley downgraded fiscal 2027 cash earnings-per-share estimates by 4% since March as revenue growth slows, credit demand weakens, and loan losses gradually rise, reversing an upgrade in February.Three hikes in the official cash rate, proposed changes to property-related tax measures in Australia's federal budget, as well as the impact of the global energy shock all contribute to the uncertainty in outlook for banks, per Morgan Stanley.The investment firm preferred ANZ Group Holdings (ASX:ANZ, NZE:ANZ) over Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank (ASX:NAB), and Commonwealth Bank of Australia (ASX:CBA).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
International

Australia Household Spending Falls in April, CommBank Says

Australia's household spending fell 1.2% in April, reversing a fuel-driven surge in March as lower spending on petrol and public transport weighed on transport and recreation spending, according to the Commonwealth Bank of Australia's (ASX:CBA) Household Spending Insights published Thursday."The oil shock resulting from the current Middle East conflict has not had the size of impact that was initially expected," CBA Head of Australian Economics Belinda Allen said.Six of the 12 spending categories fell in April, including rare declines in insurance and health, with health recording its first monthly drop since March last year.The transport category recorded the largest decline, driven by lower petrol prices following a fuel excise cut and the introduction of free public transport in Victoria and Tasmania."Petrol price movements continue to have a big impact on the month-to-month swing in household spending, and we expect households to do much of the heavy lifting over [the] coming months in slowing spending and cooling inflation," Allen added.Recreation spending fell by 2.6% in seasonally adjusted terms in April, making it the second-weakest category after transport, and it was the only category to record an annual decline in growth over the year.Annual spending growth slowed to 5.5% in April from an 8.5% surge in March, with utilities leading growth at around 18% after energy rebates ended.Tasmania recorded a 0.2% rise in spending in April, while South Australia and Victoria were unchanged, and Western Australia, Queensland, New South Wales, and the Australian Capital Territory each declined by 0.2%.

ASX 200ASX:CBA
Asia

Australian Shares Decline; Commonwealth Bank of Australia Reports Higher Fiscal Q3 Cash Net Profit After Tax

Australian shares declined on Wednesday as ⁠the risk increased that the US Federal Reserve would be forced to raise rates earlier than expected after inflation data came in hotter than expected.The S&P/ASX 200 Index fell 0.46%, or 40.30 points, to close at 8,630.40, setting another 20-day low.The US consumer price index rose 3.8% in the 12 months through April, the biggest year-over-year increase since May 2023. Brent crude oil futures were trading around $107 per barrel as talks between the US and Iran remained deadlocked.On the domestic front, the Australian budget for fiscal year 2026 to fiscal year 2027 comprises significant policy changes, including capital gains taxation, negative gearing, and the taxation of trusts, all of which are expected to improve the fiscal position in the long term, ANZ Research said.Australia's seasonally adjusted wage price index rose 0.8% in the March quarter, unchanged from the December 2025 quarter, data from the Australian Bureau of Statistics showed.The number of total loan commitments for dwellings in Australia fell 6.2% to 139,794 between the March and December 2025 quarters, data from the Australian Bureau of Statistics showed. New home loans declined 6.9% to 82,453, with their total value falling 4.3% to AU$61.42 billion.In company news, Commonwealth Bank of Australia (ASX:CBA) reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier. The bank reported a loan impairment expense of AU$316 million, and raised the forward-looking component of collective provisions by AU$200 million during the quarter. Its shares fell 10% on market close.Temple & Webster Group (ASX:TPW) implemented a margin optimization program in response to declining consumer confidence and expects the move to boost profitability starting from the fourth quarter of fiscal 2026. Following the initiative, the company's April earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to around AU$2.5 million to mark "the most profitable April" in its history. Its shares closed down 5%.Lastly, Aristocrat Leisure (ASX:ALL) reported fiscal first-half adjusted earnings of AU$1.29 per share, up from AU$1.163 a year earlier. Revenue for the six months ended March 31 was AU$3.03 billion, unchanged from a year earlier. Its shares were up over 13% on market close.

ASX 200ASX:ALLASX:CBAASX:TPW
Asia

Commonwealth Bank of Australia's Fiscal Q3 Cash Earnings 1% Below Estimates, Jefferies Says

Commonwealth Bank of Australia's (ASX:CBA) fiscal third-quarter cash earnings were 1% below the estimates compiled by Visible Alpha and 1% above the prior second-half Jefferies run rate, Jefferies said in a note on Wednesday.The bank reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier. Operating income was flat in the three months to March 31 compared with the average of the first two quarters of fiscal 2026, as a 1% increase in net interest income was offset by lower other operating income.The bank is exposed to an over-indebted Australian household, which the analysts view as a headwind to growth as its high-quality, low-cost retail deposit base leaves it more exposed to falling interest rates.The investment firm retained its underperform rating and raised the price target to AU$142.26 from AU$140.83.Commonwealth Bank of Australia's shares tumbled 10% in recent Wednesday trade.

ASX:CBA
Japan

ASX Midday Sector Update: Materials Stocks Jump, Financial Sector Struggles

Materials stocks advanced nearly 3% at midday Wednesday.BHP Group (ASX:BHP) gained almost 4% in recent trade.Meanwhile, the financial sector struggled, shedding nearly 4%.Commonwealth Bank of Australia (ASX:CBA), whose shares fell almost 10% in recent trade, reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier.

ASX 200ASX:BHPASX:CBA
Asia

Update: Commonwealth Bank of Australia Reports Higher Fiscal Q3 Cash Net Profit After Tax; Shares Fall 8%

(Updates to add stock movement in the headline and last paragraph)Commonwealth Bank of Australia (ASX:CBA) reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier, according to a Wednesday filing with the Australian bourse.The bank said its operating income was flat in the three months to March 31 compared with the average of the first two quarters of fiscal 2026, as a 1% increase in net interest income was offset by lower other operating income.The company reported a loan impairment expense of AU$316 million, and raised the forward-looking component of collective provisions by AU$200 million during the quarter."Notwithstanding an already strong level of provisioning, we have chosen to further top up our collective provisions in the quarter to reflect heightened macroeconomic risks," CEO Matt Comyn said.The bank's shares fell around 8% in recent Wednesday trade.

ASX:CBA
Asia

ASX Preview: Australian Shares Set to Fall After US Inflation Data; Commonwealth Bank of Australia Reports Higher Fiscal Q3 Cash Net Profit After Tax

Australian shares are poised to fall on Wednesday as hotter-than-expected US inflation data dampened hopes for US Federal Reserve rate cuts, lifting bond yields and the US dollar while weighing on non-interest-bearing assets like gold and other commodities.Overnight, the S&P 500 and the Nasdaq Composite fell 0.2% and 0.7% respectively, while the Dow Jones Industrial Average gained 0.1%.In the macroeconomy, Australia's wage price index and lending indicators reports are due at 11:30 am Sydney time.In corporate news, Commonwealth Bank of Australia (ASX:CBA) reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier.Aristocrat Leisure (ASX:ALL) reported Wednesday fiscal first-half adjusted earnings of AU$1.29 per share on revenue of AU$3.03 billion, compared with earnings of AU$1.163 per share on the same revenue a year earlier.Australia's benchmark index fell 0.4% or 31.1 points to close at 8,670.70 on Tuesday.

ASX 200ASX:ALLASX:CBA
Asia

Commonwealth Bank of Australia Reports Higher Fiscal Q3 Cash Net Profit After Tax

Commonwealth Bank of Australia (ASX:CBA) reported a cash net profit after tax of around AU$2.7 billion for the fiscal third quarter, up 4% from a year earlier, according to a Wednesday filing with the Australian bourse.The bank said its operating income was flat in the three months to March 31 compared with the average of the first two quarters of fiscal 2026, as a 1% increase in net interest income was offset by lower other operating income.The company reported a loan impairment expense of AU$316 million, and raised the forward-looking component of collective provisions by AU$200 million during the quarter."Notwithstanding an already strong level of provisioning, we have chosen to further top up our collective provisions in the quarter to reflect heightened macroeconomic risks," CEO Matt Comyn said.

ASX:CBA
Asia

Commonwealth Bank of Australia's Total Capital, CET1 Capital Up Year on Year in March Quarter

Commonwealth Bank of Australia's (ASX:CBA) total capital and Common Equity Tier 1 (CET1) capital both increased year over year in the March quarter, according to a Wednesday Australian bourse filing.The bank's total capital in the three months to March came in at AU$103.56 billion, up from the AU$100.23 billion it reported in the year-ago period.Its CET1 capital for the period clocked in at AU$59.81 billion, rising from the AU$57.51 billion it reported for the March 2025 quarter.Its Level 1 Group CET1 ratio for the March quarter was 11.6%, compared with a ratio of 11.9% in the prior-year period. It reported a liquidity coverage ratio of 133% for the quarter, unchanged from the same period in the previous year.

ASX:CBA
Wire

Commonwealth Bank of Australia Selects FIS Platform to Automate Reconciliation

Commonwealth Bank of Australia (ASX:CBA) selected FIS Data Integrity Manager, provided by New York Stock Exchange-listed FIS, to consolidate and automate reconciliation across the bank, according to a Monday statement from FIS.The platform, delivered as software-as-a-service via Microsoft Azure, is expected to process over 150 million transactions per day. Upgrades to the platform will be managed by FIS.It uses real-time visibility, with automated alerts for discrepancies, FIS said.The bank's shares fell 1% in recent trading on Monday.

ASX:CBA
Asia

ASX Midday Sector Update: Financials Stocks Lead Broad Market Declines

All sectors on the Australian Securities Exchange were in the red in midday trading on Friday, with financial stocks falling past 2% to lead decliners, as oil prices climbed after reports of clashes between the US and Iran in and around the Strait of Hormuz.Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking (ASX:WBC) both shed more than 2%, while National Australia Bank (ASX:NAB) was nearly 3% lower. Shares of Macquarie Group (ASX:MQG) were down more than 2% after earlier hitting a record high following its fiscal year 2026 results.

ASX 200ASX:CBAASX:MQGASX:NABASX:WBC
Asia

SKS Technologies Group Lifts CBA Guarantee Facility to AU$48 Million; Shares Hit Record-High

SKS Technologies Group (ASX:SKS) secured approval from Commonwealth Bank of Australia (ASX:CBA) for an additional AU$20 million in bank guarantees, expanding its total guarantee facility to AU$48 million and overall banking facilities, including equipment financing, to AU$52 million, according to a Friday filing with the Australian bourse.The company's bank debt capacity increased 6.5 times within less than four years, per the filing.The expanded funding supports the company's organic growth strategy, which has driven strong expansion since fiscal 2023, with work on hand increasing more than nine times to AU$355 million and the tender pipeline reaching about AU$1.25 billion, the filing added.SKS Technologies' shares rose around 7% in recent Friday trade and earlier hit a record high. Commonwealth Bank of Australia's shares shed 1%.

ASX:CBAASX:SKS
Asia

Helia Group Says in Q1 Gross Written Premium Falls 32%; Shares Down 4%

Helia Group (ASX:HLI) said its gross written premium was down 32% year over year in the first quarter, according to a Friday Australian bourse filing.The decline reflects the loss of new business with Commonwealth Bank of Australia (ASX:CBA) from Jan. 31 and lower first home buyer volumes due to competition from the Australian Government 5% Deposit Scheme, per the filing.Insurance revenue fell 9% from a year earlier due to lower gross written premium in recent book years.Net investment revenue was negative AU$2 million in the period largely due to realized and unrealized losses on the bond portfolio as interest rates rose and credit spreads widened.In the same filing, the company said it has finalized the submission of data in relation to the three months ended March 31 to the Australian Prudential Regulation Authority on April 30. The data covers Helia Insurance, its main operating entity, and Helia Indemnity, which is in run-off.Helia Group's shares were down 4% in recent Friday trade.

ASX:CBAASX:HLI
Asia

Australia's Payments Roundtable Seeks Feedback on Draft Vision for Account-to-Account Payments

The Account-to-Account Payments Roundtable released a public consultation on the draft vision for the future of account-to-account payments in Australia on Thursday, defining the desired end-user outcomes and future state for account-to-account payments, according to a same-day statement.The vision seeks to provide certainty to stakeholders on the long-term strategic direction for account-to-account payments in Australia and anchor the industry's development of account-to-account products, services, and underlying infrastructure.It noted the rapid changes, driven by advances in digital technologies such as artificial intelligence, digital assets, and digital identity, and their integration into the payments system.The development of a clear industry roadmap is the next step towards delivering the vision, per the statement. The roadmap will be developed collaboratively in 2026 through the roundtable process.The roundtable includes the Australian Payments Network, Australian Payments Plus, the Reserve Bank of Australia (RBA), and the Commonwealth Treasury. It was established in August 2025 under authorization by the Australian Competition and Consumer Commission.The deadline for the submission of consultations is May 22.

ASX:ANZASX:CBAASX:CCLASX:NABASX:TYRASX:WBC
Asia

Karoon Energy Says Commonwealth Bank of Australia Becomes Substantial Holder

Karoon Energy (ASX:KAR) received notice that Commonwealth Bank of Australia (ASX:CBA) and its affiliates became a substantial holder of the company on Wednesday, according to a Thursday filing with the Australian bourse.Commonwealth Bank of Australia now owns 35.9 million shares in the company, representing a 5.03% voting power, the filing said.Karoon's shares rose past 2% in recent Thursday trade.

ASX:CBAASX:KAR
Asia

Australian Prudential Regulation Authority Warns Financial Sector Over AI-Related Risks

The Australian Prudential Regulation Authority (APRA) on Thursday called on the financial sector to enhance its management of AI-related risks, warning that information security practices are struggling to keep up with the speed of the technology's adoption.In a letter to the industry, the regulator outlined the findings of a review it launched last year, noting that the growing use of advanced AI is creating multiple new financial and operational vulnerabilities for banks, insurers, and superannuation trustees."Frontier AI models such as Anthropic's Claude Mythos, which could enhance the discovery of vulnerabilities by bad actors, are expected to further increase the probability, speed, and scale of cyber attacks," APRA said.The regulator found that financial corporates have a high interest in the potential benefits of AI usage, but in many cases lack the technical knowledge to effectively manage the associated risks.The APRA is not proposing to introduce additional requirements at this stage but expects to see a "significant improvement" in how the financial sector approaches AI-related risk management and governance.

ASX:ANZASX:CBAASX:IAGASX:NABASX:QBEASX:WBC
Asia

HUB24 Says Commonwealth Bank Becomes Substantial Holder

HUB24 (ASX:HUB) said the Commonwealth Bank of Australia (ASX:CBA) and its related entities became a substantial holder in the company on April 24 with a stake of 5.02% or 4.1 million shares, according to a Tuesday Australian bourse filing.

ASX:CBAASX:HUB

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