Commonwealth Bank (CBA)


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Commonwealth Bank on the ASX Stock Exchange

Access the latest stock market reports on Commonwealth Bank (CBA) at the bottom of the page.

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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 followingkey 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.

Commonwealth Bank Quick Facts (as of June 2015)

  • Chairman: Mr David Turner
  • Managing Director/CEO: Mr Ian Narev
  • Industry Group: Banks
  • Shares on issue: 1,627,592,713
  • Market Cap: Over $136 Billion
  • www.commbank.com.au

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