Commonwealth Bank of Australia

Founded in 1911 and headquartered in Sydney, New South Wales, Australia, the bank operates through several key business segments. Retail Banking Services form the core of the operations, offering consumer banking products like savings accounts, credit cards, home loans, and personal loans to individuals. The Business and Private Banking segment caters to the specific needs of small to medium-sized enterprises and provides wealth management services for high net-worth individuals. Institutional Banking and Markets focus on delivering financial services for large corporate entities, government and institutional clients, encompassing activities in capital markets, trading, and treasury operations. Though historically involved in Wealth Management, the bank has been reducing its footprint in this category with the divestiture of its wealth management subsidiaries. The bank's most significant brands include Commonwealth Bank or CommBank, which is the primary face of its retail banking operations. Bankwest operates as a subsidiary concentrated on offering banking solutions within Western Australia and other Australian locales. ASB Bank extends the bank's reach into New Zealand, providing a variety of banking services. While Australia remains the primary market for its diverse range of banking and financial services, the bank's presence in New Zealand through ASB Bank is also notable. In addition to these primary markets, the bank serves institutional clients across the globe through its international offices, with an overarching focus on Australia and New Zealand. (Powered by AI)