Commonwealth Bank was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business.
Commonwealth Bank of Australia. The principal activity of the Group is the provision of integrated financial services, including retail, commercial and institutional banking, pensions, life insurance, general insurance, fund management and brokerage services, and the activities of financial companies.
It operates through six business segments: Retail Banking, Institutional Banking and Markets, Commercial and Private Banking, International Financial Services, and Bankwest.
Operations are in Australia, New Zealand, United Kingdom, United States of America, Japan, Singapore, Malta, Hong Kong, Grand Cayman, Fiji, Indonesia, China and Vietnam.
Today, grown to a business with more than 800,000 shareholders and 52,000 people working in the Commonwealth Bank Group. We offer a full range of financial services.
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