The Commonwealth Bank Of Australia

1645 Words May 12th, 2016 7 Pages
Company Report – Commonwealth Bank

This following report is about the Commonwealth Bank of Australia (CBA). The Commonwealth Bank is a public business founded in 1911. This company is owned by the Australian government. The Commonwealth Bank operates within the tertiary business sector.

Business Operations

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. Examples of this are retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is one of the largest listed companies on the Australian Stock 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). This Commbank Group has a growing international occurrence through:
- Retail banks in New Zealand and Indonesia
- Banking investments in China
- Life insurance operations in New Zealand, Indonesia and a joint project in China
- Banking branches in London, New York, Tokyo, Hong Kong, Shanghai, Beijing, Singapore, Auckland, Ho Chi Minh City and Mumbai
- Representative offices in Beijing and Hanoi
Today, the Commonwealth Bank have grown into a business with more than 800,000…
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