Commonwealth Bank Logo — The Commonwealth Bank of Australia is the largest bank by market capitalization in Australia, with businesses throughout New Zealand, Fiji, Philippines, Asia, USA and the United Kingdom. The Commonwealth Bank offers a variety of financial services, which include retail and institutional banking, funds management, superannuation, insurance, investment and brokerage services. The Commonwealth Bank is now the second largest company in Australia that is listed on the Australian Securities Exchange in January 2008, with brands such as BankWest, Colonial First State Investments Limited, ASB Bank (New Zealand), Commonwealth Securities Limited (CommSec) and Commonwealth Insurance Limited (CommInsure).
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Founded in 1911 by the government of Australia, the Commonwealth Bank is one of the “big four” banks in Australia and the National Australia Bank (NAB), Australia and New Zealand Banking Group and Westpac. The bank was listed on the Stock Exchange of Australia in 1991 and the government fully privatized in 1996. On August 14, 2008, the Commonwealth Bank of Australia said annual earnings of $ 4.7 billion. The bank has about 7.7 million customers, 1,011 branches and 3,350 ATMs.
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