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The following assets were recorded on the balance sheet for Eastpac Bank at the end of this financial year: Asset type Cash and Commonwealth

 

The following assets were recorded on the balance sheet for Eastpac Bank at the end of this financial year: Asset type Cash and Commonwealth government securities Loans provided to local governments Residential mortgages Loans to corporations Asset value ($billions) 8,000 25,000 42,000 51,000 What is the total Tier 1 capital requirement under Basel III for Eastpac Bank? Your response must be entered as a numerical value in billions dollars with 0 decimal places and excluding the dollar sign ($).

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