Commonwealth Bank
An international bank based in Australia, Commonwealth Bank of Australia has operations in New Zealand, Asia, the US, and the UK. Many financial services are offered by it, such as retail, commercial, and institutional banking, fund management, superannuation, insurance, investment, and broking services. As of August 2015, The Commonwealth Bank, which operates under the brands Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec), and Commonwealth Insurance, is the largest Australian firm listed on the Australian Securities Exchange (CommInsure).
The Commonwealth Trade Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank were once its constituent parts. The Commonwealth Bank, together with the National Australia Bank (NAB), ANZ, and Westpac, is one of the "big four" Australian banks. It was established in 1911 by the Australian government and fully privatized in 1996. On September 12, 1991, the bank went public on the Australian Stock Exchange.
The market capitalization of Commonwealth Bank as of April 2023 was $116.44 billion. By market cap, this places Commonwealth Bank as the 113th most valuable corporation in the entire world. The most recent financial reports from Commonwealth Bank indicate that the company's current revenue (TTM) is $16.46 billion. The company generated $16.46 billion in revenue in 2022, which is a decline from $17.67 billion in revenue in 2021.
Founded: 22 December 1911
Headquarters: Darling Park Tower 1, 201 Sussex Street, Sydney, New South Wales, Australia
Website: commbank.com.au
