Commonwealth Bank of Australia - Company Profile
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Commonwealth Bank of Australia (CBA) provides a wide range of retail, commercial, and corporate banking; private banking; funds management; superannuation; broking services; and insurance solutions. It provides deposits services, credit cards, personal and business loans, corporate financing, overdrafts and lines of credit, risk management solutions, super funds, financial planning, investment solutions, merchant services, international banking, and foreign exchange services. The bank offers insurance for home, car, and travel risks. CBA serves individuals, small business units, corporations, government entities, and other institutions. It has operations in Asia Pacific, Europe, and North America. CBA is headquartered in Sydney, New South Wales, Australia.
Commonwealth Bank of Australia premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Savings Accounts | Merchant Services | Commonwealth Bank |
Term Deposits | Structured Finance | Bankwest |
Personal Loans | Trade Finance | ASB |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company collaborated with More for its distinctive customer recognition initiative, CommBank Yello. |
2024 | Contracts/Agreements | In March, the bank entered into a partnership with Microsoft Corp to drive customer benefits through generative AI and ongoing cyber security initiatives. |
2023 | Acquisitions/Mergers/Takeovers | In November, the bank acquired an additional stake in More Telecom and Tangerine Telecom. |
Competitor Comparison
Key Parameters | Commonwealth Bank of Australia | ANZ Group Holdings Ltd | National Australia Bank Ltd | Westpac Banking Corp | Suncorp Group Ltd |
---|---|---|---|---|---|
Headquarters | Australia | Australia | Australia | Australia | Australia |
City | Sydney | Docklands | Melbourne | Sydney | Brisbane |
State/Province | New South Wales | Victoria | Victoria | New South Wales | Queensland |
No. of Employees | 48,930 | 40,342 | 38,516 | 36,146 | 13,300 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Matt Comyn | Managing Director; Director; Chief Executive Officer | Executive Board | 2018 | - |
Alan Docherty | Chief Financial Officer | Senior Management | 2018 | - |
Nigel Williams | Chief Risk Officer | Senior Management | 2018 | - |
Sinead Taylor | Chief Operations Officer | Senior Management | 2021 | - |
David Cohen | Deputy Chief Executive Officer | Senior Management | 2018 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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