Commonwealth Bank of Australia - Premium Company Report Australia

30-06-2012, 30 pages

Commonwealth Bank of Australia is a Public Company that is ranked number 6 out of the top 2000 companies in Australia. The company generates the majority of its income from the National and Regional Commercial Banks in Australia industry.

In 2012 the company generated total revenue of $47,193,000,000 including sales and other revenue. In 2012 Commonwealth Bank of Australia had 44844 employees in Australia including employees from all subsidiaries under the company's control.

The Chief Executive of Commonwealth Bank of Australia is Mr Ian Narev whose official title is Chief Executive Officer & Managing Director. The Chairman of Commonwealth Bank of Australia is Mr David Turner whose official title is Non-Executive Chairman.

The Commonwealth Bank of Australia provides a wide range of integrated banking and financial products and services in Australia and internationally.

The group operates through the following segments:

Retail Banking Services: this segment provides a range of banking services for its personal and small business customers. Products include home loans, consumer finance and retail deposits.

Business and Private Banking: provides personalised banking services and investment services through Commsec to high net worth individuals; provides banking services to relationship managed business and Agribusiness customers.

Institutional Banking and Markets: provides customised services to major corporations, institutional and government clients. This segment also operates in the wholesale banking markets in London, Malta, New York, New Zealand, Singapore, Hong Kong, Japan and Shanghai.

Wealth Management: this segment comprises global asset management in the Asian region and domestic insurance businesses in Australia, and also includes the business of Colonial First State Global Asset Management, Colonial First State and CommInsure.

New Zealand: operations in New Zealand include banking, fund management and insurance businesses.

Bankwest: operates as a full service bank throughout Australia, including special services in international banking and project finance.

Other: provides banking and financial services in Indonesia, Vietnam, Japan, India and China.

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