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Commonwealth Bank

Commonwealth Bank
Company nameCommonwealth Bank of Australia
Company typePublic (ASX:)
Slogan'Determined' to be different
Financial services
Investment services
Founded1911 as a government bank
1991 as a public company
HeadquartersSydney, Australia
Area servedAustralia
New Zealand
United Kingdom
United States
Hong Kong
Key peopleDavid Turner, Chairman
Sir Ralph Norris, CEO and Managing Director
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Global Wealth Management
Private Equity
Credit Cards
Revenue(+) A$28.564 billion (2006)
Net income(+) A$4.723 billion (2009)
Total assets(+) A$780.299 billion (2009)
Employees45,025 full-time equivalent (2010)
DivisionsRetail Banking Services, Business and Private Banking, Institutional Banking and Markets, Wealth Management, International Financial Services.
SubsidiaryBankWest, ASB Bank, Colonial First State, Sovereign Limited, Commonwealth Securities and CommInsure

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The Commonwealth Bank of Australia (Asx - CBA) is a multinational bank with businesses across New Zealand, Fiji, Asia, USA and the United Kingdom. Commonwealth Bank provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. Commonly referred to as the Commonwealth Bank (or Commbank), The Commonwealth Bank is now the second largest Australian listed company on the Australian Securities Exchange as of January 2008 with brands including BankWest, Colonial First State Investments Limited, ASB Bank (New Zealand), Commonwealth Securities Limited (CommSec) and Commonwealth Insurance Limited (CommInsure).

Founded in 1911 by the Australian government, the Commonwealth Bank is one of the 'big four' Australian banks, with National Australia Bank (NAB), ANZ and Westpac. The bank listed on the Australian Stock Exchange in 1991 and the government fully privatised it in 1996.

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