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canada goose canada goose clearance The regional lender said on Wednesday it would defer a decision on paying its interim dividend until the economic outlook was clearer.The bank revenue was flat at $545 million for the six months to February 29, while expenses soared 31 per cent to $377 million, including $47 million in non recurring expenses associated with its strategic review and restructure.Statutory net profit dropped 40 per cent to $93 million.Management estimates the impact of the coronavirus pandemic will be between $49 million and $71 million in its full year figures.However, Mr Frazis said the bank was well positioned to handle the financial impact of the pandemic.He said the business was much more diversified than it had been during the global financial crisis.Mr Frazis also said the loan to value ratio of those customers asking for help was quite low.Loan to value ratio indicates the risk a borrower may not be able to repay a loan.Retail banking cash earnings fell 17 per cent to $55 million in the first half. This was due to a lower cash rate and spending on regulatory activities.Business banking fared a little better. Cash earnings were down 3.0 per cent to $99 million.There was better news in the bank lending operations.Lending growth was 3.0 per cent after gross loans and advances rose $781 million to $47 billion.The BOQ Specialist and Virgin Money Australia divisions were top performers.The bank shares were down 15 cents, or 2.92 per cent, to $4.99 at 1212 AEST.More Stories How JobKeeper will change your work Mathias Cormann resisting pay cut for MPs RBA keeps cash rate on hold Land tax relief for struggling landlords premium_icon Global recovery signs lifts markets People power shines through pandemic premium_icon ASX plunges as banks hit with credit downgrade premium_icon CBA customers angry over repayment changesShow MoreMore Stories How JobKeeper will change your work Mathias Cormann resisting pay cut for MPs RBA keeps cash rate on hold Land tax relief for struggling landlords premium_icon Global recovery signs lifts markets People power shines through pandemic premium_icon ASX plunges as banks hit with credit downgrade premium_icon CBA customers angry over repayment changes Sunshine Coast Newspaper Company Pty Ltd 2020.News Corp Australia Group WebsitesNeed Help? Refer to our helpful FAQ section for any problems you might be experiencing.Noosa News Noosa News National News World News Sport Lifestyle Travel Business Real Estate Noosa Weather Newspapers in EducationWhat’s On Entertainment Events Place an event CompetitionsNoosa Classifieds Jobs in Noosa Cars for Sale in Noosa Property listings in Noosa Bargains for Sale in Noosa Obituaries in Noosa Personals in Noosa Notices in Noosa. canada goose clearance
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