Commonwealth Bank (ASX:CBA)

Matt Comyn
CEO
Market Cap (AUD): 145.48B
Sector: Financials
Last Trade (AUD): 82.18 +0 (+0%)
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1. About

Commonwealth Bank is Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share broking products and services.

The Commonwealth Bank operates the following divisions:

Retail Banking Services

Retail Banking Services is the Commonwealth Bank branded retail banking division. It provides simple, convenient and affordable banking products and services to more than 10 million personal and small business customers, helping them manage their everyday banking needs, buy a home, build and grow their business, or invest for the future. Customers are supported through an extensive network of branches, ATMs, Australia-based customer call centres, leading online services and apps, as well as mobile banking specialists and support teams.

Business and Private Banking

Business and Private Banking serves the banking needs of business, corporate and agribusiness customers, as well as providing banking and advisory services for high net worth individuals. The Business annd Private Banking division also provides equities trading and margin lending services through CommSec.

Institutional Banking and Markets

Institutional Banking & Markets serves the commercial and wholesale banking needs of large corporate, institutional and government clients across a full range of financial services solutions including access to debt capital markets, transaction banking, working capital and risk management through dedicated product and industry specialists.

New Zealand

New Zealand includes the banking, funds management and insurance businesses operating in New Zealand under the ASB and Sovereign brands. ASB conducts its business through three business units: Retail Banking provides services to individuals across multiple channels including a branch network, digital platforms, ATMs, mobile managers and contact centres. Business Banking provides services to corporate, commercial, rural and small business customers. Private Banking, Wealth and Insurance provides securities, investment and insurance services to customers, and banking services to high net worth individuals.

Bankwest

Bankwest provides simple and affordable banking products to more than 1 million retail, business and rural customers across Australia. Customers are assisted to manage their everyday banking needs, buy a home, build and grow businesses and invest for the future. Customers are supported through a network of branches and ATMs, easy-to-use digital and mobile services and an Australia-based 24/7 customer contact centre.

Wealth Management

Wealth Management provides superannuation, investment, retirement and insurance products, and services including financial planning which help to improve the financial wellbeing of more than 2.1 million customers. CFS Global Asset Management manages investments on behalf of institutional investors and pension funds, wholesale distributors and platforms, financial advisers and their clients. During 2017 the Bank announced the sale of its life insurance business, the demerger of its wealth management business and strategic review of its general insurance business.

International Financial Services

International Financial Services (IFS) incorporates the Asian retail and business banking operations, investments in China and Vietnam and the life insurance operations in Indonesia.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk