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Commonwealth Bank

Commonwealth Bank of Australia
Public
Traded as ASXCBA
Industry Banking, financial services
Founded
  • 22 December 1911; 105 years ago (1911-12-22) (as a government bank)
  • 1991; 26 years ago (1991) (as a public company)
Headquarters Darling Harbour, Sydney, Australia
Number of locations
1,100+ branches
4,300+ ATMs
Area served
Worldwide
Key people
Catherine Livingstone, Chairman
Ian Narev, CEO and Managing Director
Products
Revenue IncreaseA$24.578 billion (2016)
Increase A$12.854 billion (2016)
Profit Increase A$9.227 billion (2016)
Total assets Increase A$933.078 billion (2016)
Total equity Increase A$60.756 billion (2016)
Number of employees
45,129 (2016)
Divisions
Subsidiaries
Website www.commbank.com.au

The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom. Commonly referred to as the Commonwealth Bank (or CBA or Commbank), 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 August 2015 with brands including Bankwest, Colonial First State Investments Limited, ASB Bank (New Zealand), Commonwealth Securities Limited (CommSec) and Commonwealth Insurance Limited (CommInsure). Commonwealth Bank is also the largest bank in the Southern Hemisphere.

Founded in 1911 by the Australian government, the Commonwealth Bank is one of the "big four" Australian banks, with National Australia Bank (NAB), ANZ and Westpac. The bank listed on the Australian Stock Exchange in 1991 and the government fully privatised it in 1996.

The former global headquarters of Commonwealth Bank were the Commonwealth Trading Bank Building on the corner of Pitt Street and Martin Place, which was refurbished from 2012 for retail and commercial uses, and (from 1984 to 2012) the State Savings Bank Building on Martin Place, which was sold in 2012 to Macquarie Bank. The headquarters were moved to two new nine-storey buildings which were built at the site of the former Sega World Sydney, in Darling Harbour on the western side of Sydney's city centre.


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