Commonwealth Bank of Australia Posts AU$68 Million Provision in Fiscal H1 After ASIC Review

MT Newswires Live08:09

Commonwealth Bank of Australia (ASX:CBA) posted a AU$68 million pre-tax provision in the half year ended Dec. 31, 2025, for an additional goodwill payment to customers following the Australian Securities and Investments Commission's (ASIC) Better Banking review, according to a Tuesday filing with the Australian bourse.

The bank also reported AU$53 million of non-recurring items within other operating income, the filing said.

Additionally, the bank made changes to the classification of portfolios, leading to changes in divisional income statements, balance sheets, and financial metrics of affected divisions, per the filing.

Shares rose 1% in morning trade Tuesday.

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