Commonwealth Bank
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Commonwealth office in Melbourne  

Commonwealth Bank

Commonwealth Bank of Australia (ASX: CBA) is a full financial services company providing retail banking, business and institutional banking, funds management, insurance, investment and broking services. Commonwealth is the biggest bank in Australia by market capitalisation, with businesses across New Zealand, Fiji, Japan, Indonesia, China, Vietnam, Grand Cayman, USA and the UK. The Bank was established in 1991 by the Australian government and was fully privatised in three stages from 1991 until 1996. The Bank’s shares were listed on the Australian Stock Exchange (ASX) on 12 September 1991. In 2008, Commonwealth acquired Australia-based BankWest from British bank HBOS. Today, the Group operates through more than 1,100 domestic branches and employs over 40,000 people worldwide. Commonwealth is classified as one of the world's safest banks being one of only eight banks globally to achieve and maintain an AA rating. As of December 31, 2013, the Bank had total assets of A$782.301 billion and total equity of over A$47 billion. At May 2, 2014, the market cap was A$128.3 billion.

 Credit Ratings (April 2014)

  Long–term Short–term Outlook
Fitch Ratings AA- F1+ Stable
Moody's Aa2 P-1 Stable
Standard & Poor's AA- A-1+ Stable

Subsidiaries: BankWest, ASB Bank, Colonial First State, Sovereign Limited, Commonwealth Securities and CommInsure.

Distribution network
•   Over 1,000 branches nationally
•   Over 3,800 Australia Post agencies
•   Over 4,100 ATMs nationally
•   The Commonwealth Bank supports more than 187,000 EFTPOS terminals throughout Australia
•   More than 10 call centres, which handle over 120 million calls per annum

International
•   Retail banks in New Zealand (ASB) and Indonesia (Commonwealth Bank Indonesia)
•   Banking investments in China (20 per cent in Qilu Bank and 19.9 per cent in Bank of Hangzhou)
•   Life insurance operations in New Zealand (Sovereign), Indonesia (Commonwealth Life) and a joint venture in China (China Life CMG)
•   Banking branches in London, New York, Tokyo, Hong Kong, Shanghai, Singapore, Auckland and Mumbai
•   Representative offices in Beijing, Shanghai and Hanoi

Commonwealth Bank International Branches

Head office address:
Level 7, 48 Martin Place
Sydney, 1155
Australia
Phone: +61-2-9378-2000
Fax: +61-2-9378-3317
Website: www.commbank.com.au

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