About Commonwealth Bank of Australia

Commonwealth Bank of Australia provides a range of banking products and services to retail and wholesale customers in Australia, New Zealand and other jurisdictions. The company serves more than 17 million customers with a focus on providing retail and commercial banking services predominantly in Australia, and in New Zealand through its subsidiary ASB Bank Limited (ASB). Lending and deposit taking are the company's primary business activities. Strategy The company's strategy is to build tomorrow's bank today for its customers. Segments The company operates through Retail Banking Services; Business Banking; Institutional Banking and Markets; New Zealand; Corporate Centre and Other segments. Retail Banking Retail Banking Services provides banking products and services to personal customers, and banking and advisory services for high net worth individuals. Retail Banking Services also includes retail banking activities provided under the Bankwest brand. Business Banking Business Banking serves the banking needs of business, corporate and agribusiness customers across the full range of financial services solutions. It also provides equities trading and margin lending services through the CommSec business. Business Banking also includes business banking activities conducted under the Bankwest brand. Institutional Banking and Markets Institutional Banking and Markets serves the commercial and wholesale banking needs of large corporate, institutional and government clients across a full range of financial services solutions, including access to debt capital markets, transaction banking, working capital and risk management through dedicated product and industry specialists. New Zealand New Zealand includes the banking and funds management businesses operating in New Zealand under the ASB brand. ASB provides a range of banking and wealth products and services to its personal, business, rural and corporate customers in New Zealand. Corporate Centre and Other Corporate Centre and Other include Wealth Management, such as superannuation, investment and retirement products. Dispositions On 30 September 2022, the company sold its CommInsure General Insurance to Hollard Insurance Company Pty Ltd (Hollard). History Commonwealth Bank of Australia was founded in 1911.

Country
Industry:
Commercial banks
Founded:
1911
IPO Date:
01/02/1992
ISIN Number:
I_AU000000CBA7
Address:
Commonwealth Bank Place South, Level 1, 11 Harbour Street, Sydney, New South Wales, 2000, Australia
Phone Number
61 2 9378 2000

Key Executives

CEO:
Comyn, Matthew
CFO
Docherty, Alan
COO:
Taylor, Sinead