CB

Commonwealth Bank

www.commbank.com.au link_icon

Commonwealth Bank of Australia (CBA) Company Research Report



Company Overview



Basic Information


  • Name: Commonwealth Bank of Australia (CBA)

  • Mission: Building a brighter future for all.

  • Founded: No information is available

  • Key People:

  • CEO: Matt Comyn

  • Non-Executive Director: Kate Howitt (effective 1 October 2024)

  • Non-Executive Director Retiring: Anne Templeman-Jones effective 1 October 2024

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • What the Company is Known For: One of the leading banks in Australia, serving more than 17 million customers. CBA focuses on providing retail and commercial banking services predominantly in Australia, and in New Zealand through its subsidiary, ASB.


Products



Overview


CBA offers a diverse range of products and services across various banking needs.

Banking


  • Everyday Accounts: Variety of everyday banking accounts.

  • Savings Accounts & Term Deposits: Accounts designed to help customers save effectively.

  • Credit Cards: Variety of credit cards offering different benefits.

  • Personal Loans: Loans for various personal needs.

  • Personal Overdrafts: Overdraft facilities to manage cash flow.

  • Buy Now, Pay Later: Solutions for consumer purchasing flexibility.

  • International Payments: Services for sending and receiving money internationally.

  • Premier & Private Banking: Tailored banking services for affluent clients.


Business Banking


  • Business Transaction Account: Award-winning transaction account with a $0 monthly fee option.

  • Smart EFTPOS Terminals & eCommerce Solutions: Advanced payment processing solutions.

  • Business Loans & Finance: BetterBusiness loan, car & equipment finance, and working capital solutions.

  • Business Cards: Low rate and awards credit cards.


Institutional and Market Services


  • Transaction Banking: Comprehensive transaction services for large organizations.

  • Sustainable Finance & ESG: Financial products linked to environmental and social governance outcomes.

  • Carbon Markets: Financing and risk management solutions in carbon markets.

  • Economic Research & Insights: In-depth research and market insights.

  • CommBank iQ: Data and analytics services for business innovation.

  • Client Solutions: Tailored solutions for large private and public sector organizations.


Insurance


  • Home and Contents Insurance: Coverage for building and contents provided by Hollard.

  • Car Insurance: Flexible car insurance options.

  • Health Insurance: Health coverage that rewards a healthy lifestyle.

  • Life Insurance: Financial security for loved ones.

  • Income Protection: Coverage in the event of sickness or accident.

  • Pet Insurance: Pet health protection.

  • Travel Insurance: Comprehensive cover for domestic and international travel.


Investment & Superannuation


  • CommBank App Investing: Seamless share trading in the CommBank app.

  • CommSec: Award-winning online share trading platform.

  • Superannuation: Essential Super offers growth options and tracking in the CommBank app.

  • Property Investing: Knowledge and tools for property investors.

  • SMSF Cash Accounts: Manage self-managed super fund cash with ease.


Recent Developments



New Appointments


  • Kate Howitt: Appointed as Non-Executive Director effective 1 October 2024.

  • Anne Templeman-Jones: Retirement as Non-Executive Director effective 1 October 2024.


Technological Advancements


  • Technology Graduate Program: Successfully graduated the class of 2023 after 18 months of hands-on learning.


Partnerships


  • Chrysos Corporation: Supported environmentally-friendly assaying technology with a $95m Green Loan.

  • Telstra: Expanded anti-scam technology to protect elderly customers from phone call scams.


Financial Services


  • CommBank Yello: Launch of a customer recognition program offering prize draws, cashbacks, and discounts.

  • Green Loan: New secured fixed rate loan for solar and clean energy products.


Property Services


  • Home-in Service: Exclusive offers on conveyancing, along with fast contract reviews and high on-day settlement rates.




[View Full List of Exchange Rates](#)
[Explore More Products](#)