Commonwealth Bank
Sign in to saveAlso known as Commonwealth Bank of Australia, CommBank, CBA, COMMONWEALTH BANK OF AUSTRALIA., Commonwealth Bank of Australia, Head Office, Commonwealth Bank Australia
Australian multinational bank
Key facts
- Company type
- Public
- Traded as
- ASX : CBA S&P/ASX 200 component
- Isin
- AU000000CBA7
- Industry
- Financial services
- Founded
- 22 December 1911 ; , 114 years ago ( 1911-12-22 ) , (government bank) 12 September 1991 ; , 34 years ago ( 1991-09-12 ) , (public company)
- Headquarters
- Commonwealth Bank Place South, 11 Harbour Street, Sydney , New South Wales , Australia
- Number of locations
- 709 branches 1,916 ATMs (2024 )
- Areas served
- Australia China European Union Hong Kong Indonesia Japan London New Zealand New York Singapore
- Key people
- Matt Comyn , ( CEO )
- Products
- Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Private equity Wealth management
- Operating income
- $21.17 billion (2024 )
- Net income
- $9.8 billion (2024 )
- Total assets
- A$ 1.254 trillion (2024 )
- Total equity
- A$ 73.08 billion (2024 )
- Members
- 17.6 million (2024 )
- Number of employees
- 53,000+ (2024 )
- Divisions
- CommBank divisions Business Banking Institutional Banking and Markets Retail Banking Services
- Subsidiaries
- CommBank subsidiaries ASB Bank Bankwest Colonial First State CommInsure Commonwealth Securities Sovereign Limited
via Wikipedia infobox
~29 min read
Encyclopedic overview
The Commonwealth Bank of Australia (CBA), also known as Commonwealth Bank or simply CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services, including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of July 2024, with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia and the Commonwealth Development Bank.
Founded in 1911 by the Australian government and fully privatised in 1996, the Commonwealth Bank is one of the big four Australian banks, with the National Australia Bank (NAB), ANZ and Westpac. The bank was listed on the Australian Stock Exchange on 12 September 1991.
Excerpted from Wikipedia’s “Commonwealth Bank” article, available under the CC BY-SA 4.0 licence.