Global InformationCommonwealth Bank information
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 1 Darling Park Headquarters, Sydney | |
| Company type | Public |
|---|---|
Traded as |
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| ISIN | AU000000CBA7 |
| Industry | Banking and financial services |
| Founded |
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| Headquarters | Darling Park Tower 1, 201 Sussex Street, Sydney, New South Wales , Australia |
Number of locations |
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Areas served |
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Key people |
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| Services | CommBank services
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| Revenue |  A$30.16 billion (2020)[2] |
Net income |  A$9.63 billion (2020)[2] |
| Total assets | A$1.215 trillion (2022)[2] |
| Total equity | A$72.01 billion (2020)[2] |
Number of employees | 53,395 (2022)[2] |
| Divisions | CommBank divisions
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| Subsidiaries | CommBank subsidiaries
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| Website | commbank |
The Commonwealth Bank of Australia (CBA), or 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 August 2015, with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure).[3] 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 Sep 1991.[4]
The former global headquarters of Commonwealth Bank were the Commonwealth Trading Bank Building on the corner of Pitt Street and Martin Place, Sydney, 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 Tower 1, 201 Sussex Street and 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.[5]
In 2018, findings from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have indicated a negative culture within the bank, amid allegations of fraud, deception, and money laundering, among various other crimes.[6]
In 2022, the Commonwealth Bank held the 49th position in the "Top 1000 World Banks".[7]
- ^ "2023 Annual Report" (PDF). commbank.com.au. Retrieved 31 August 2023.
- ^ a b c d e f "We can. Together" (PDF). commbank.com.au. 30 June 2022. Retrieved 28 July 2023.
- ^ "ASX 200 List / Market Capitalisation Accurate on: 22 August 2015". ASX 200. Australian Securities Exchange. 22 August 2015. Retrieved 3 September 2015.
- ^ "How much were CBA shares when they first floated?". 25 March 2022.
- ^ "Commonwealth Bank Corporate Office". Corporate Office HQ. 22 January 2021. Retrieved 15 September 2021.
- ^ Houston, Chris Vedelago, Cameron (11 May 2018). "Cocaine, girls, million-dollar fraud: What the Commonwealth Bank lender did next". The Sydney Morning Herald.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Top 1000 World Banks - Australian banks stay top in Asia-Pacific". The Banker. 11 January 2022. Retrieved 6 March 2024.