Commonwealth Bank exposure to commercial property remains flat

In the first half of the 2019 financial year the Commonwealth Bank's exposure to commercial property has remained flat, according to their mid year report.

The report note their commercial portfolio remains, diversified across sectors and by counterparty.

CBA have lower apartment development exposures.

Their top 20 counterparties are primarily investment grade (weighted average rating of BBB equivalent) and account for 16.4% of their Commercial property exposure.

34% of the portfolio investment grade, and the majority of subinvestment grade exposures are secured (91%).

Impaired exposures remain low, 0.12% of the portfolio.

Geographical weighting has remained steady during the half.

They have been continuing ongoing comprehensive market and exposure monitoring of the portfolio.