Company

CommBank

Official Name: Commonwealth Bank of Australia

Headquarters: Sydney, NSW, Australia

Founded: 22 December 1911

Employees: 47,532

CEO: Mr. Matthew Comyn

ASX: CBA -0.49%

Market Cap

A$190.29 Billion

AUD as of Jan. 1, 2024

US$129.61 Billion

Market Cap History

Company Description

Founded in 1911, the Commonwealth Bank of Australia, abbreviated CBA or CommBank,  is a multinational bank providing services in retail, business, and institutional banking, funds management, superannuation, insurance, investment, and brokerage services. It operates across Australia, and abroad in New Zealand, Asia, the United States, and the United Kingdom.

CommBank market capitalization over time

Evolution of Commonwealth Bank of Australia market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Commonwealth Bank of Australia

Detailed Description

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers retail, premium, business, offshore, and institutional banking services; and funds management, superannuation, and share broking products and services, as well as car, health, life, income protection, and travel insurance. It offers transaction, savings, foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans, and importer finance products. The company also provides advisory services for high net worth individuals; equities trading and margin lending services; debt capital, transaction banking, working capital, and risk management services; and international and foreign exchange services. As of June 30, 2021, it operated 875 branches and 2,492 ATMs. The company was founded in 1911 and is based in Sydney, Australia.

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Product & Services

CommBank servicesConsumer bankingCorporate bankingCredit cardsFinance and insuranceGlobal wealth managementInvestment bankingInvestment managementMortgagesPrivate equity

Key People

Catherine Livingstone (Chairman) Matt Comyn (CEO)

Financials

Revenue: A$30.16 billion (2020)

Net income: A$9.63 billion (2020)


Total assets: A$1.014 trillion (2020)

Total equity: A$72.01 billion (2020)

Details

Headquarters:

Tower 1

Ground Floor 201 Sussex Street

Sydney, NSW 2000

Australia

Phone: 61 2 9378 2000

Fax: 61 2 9118 7192