Commonwealth Bank (CBA)
Commonwealth Bank on the ASX Stock Exchange
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(CBA)
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Commonwealth Bank of Australia
(CBA - Which Bank?) is Australia's most renowned and popular
banks among the 'Big Four' and is the largest retail bank. The
main business CBA does in in the provision of retail, business
and institutional banking services.
Being a major player in
Australia's wealth management sector means Commonwealth Bank
deals in products like
superannuation and life insurance alongside retail and
wholesale funds management activities.
Commonwealth Bank deals
in the following key
areas:
- Banking
- Funds under
management
- Superannuation and
Insurance
In the banking sector
Commonwealth provides services ranging from home loand, credit
cards, personal loans, transaction accounts and term deposits.
On the commercial side CBA offers business loans, equipment and
trade finance, rural and
agribusiness products. The institutional division offers
corporate customers access to securities underwriting, trading
and distribution, corporate finance, equities and investment
management.
Commonwealth bank are also a
leader in funds under management allowing customers to invest
directly in the banks range of investment funds or have access
to CBA's master trust product - FirstChoice.
CBA is actually the largest
life insurer in the Australian, New Zealand and Fiji markets
providing term insurance, disability insurance, master trust,
annuities and investment products.
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Commonwealth Bank Quick Facts (as
of 1 February
2009)
- Managing
Director/CEO: Ralph James
Norris
- Industry
Group: Banks
- Shares on
issue: 1,471,199,458
- Market
Cap: $43,694,623,903
-
www.commbank.com.au
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