CommBank results include A$90 million reduction in H2 trading income from CVA
- Saturday, 18 August 2012
Commonwealth Bank of Australia (CommBank) adjusted its trading income downwards by A$90 million (US$94.2 million) in the second half of its 2011/12 financial year as a result of credit valuation adjustment (CVA) expense. Over the full financial year the impact was negative A$127 million, while the bank was able to report a positive impact of A$103 million from CVA movements in 2010/11.
