Commonwealth Bank of Australia (CBA) Group
The Commonwealth Bank of Australia (CBA) Group is Australia's leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and stock-broking products and services. CBA is one of the largest listed companies on the Australian Stock Exchange and is included in the Morgan Stanley Capital Global Index.
In 2016, CBA Group ranked the fourth globally in "the Global 100 Most Sustainable Corporations in the World index", making it the most sustainable bank globally, and was again included in the Dow Jones Sustainability World Index and FTSE4Good Index.
CBA provides a full range of retail banking services including home loans, credit cards, personal loans, transaction accounts, and demand and term deposits through its Commonwealth Bank of Australia and Bankwest brands. CBA has leading domestic market shares in home loans, personal loans, retail deposits and discount stock-broking, and is one of Australia’s largest credit card issuers. CBA also offers a full range of commercial products including business loans, equipment and trade finance, and rural and agribusiness banking products.
CBA has the largest retail customer base in Australia, operating the largest financial services distribution network in the country with the most points of customer access and 1,000 branches nationally. CBA has established businesses in Australia, New Zealand, Europe and the Asia-Pacific region with 51,700 people working at the Bank. Commonwealth Bank of Australia serves more than 15.9 million customers globally across Australia, New Zealand, the United States, Europe, Japan, Indonesia, China, Vietnam and India.
CBA Group has a growing international presence through :
- Retail banks in New Zealand (ASB) and Indonesia (PT. Bank Commonwealth herein after “Commonwealth Bank”)
- Banking investments in China (20 per cent in both Qilu Bank and Bank of Hangzhou)
- Life insurance operations in New Zealand (Sovereign), Indonesia (Commonwealth Life) and a joint venture in China (BoCommLife)
- Banking branches in London, New York, Tokyo, Hong Kong, Shanghai, Singapore, Auckland and Mumbai
- Representative offices in Beijing and Hanoi.
During CBA’s more than 100-year long and secure history, surviving through all types of market conditions, the Commonwealth Bank of Australia has earned customer's trust. As Australia's largest bank with AA international credit rating, customers know they can rely on Commonwealth Bank of Australia during both good days and uncertain times. CBA remains one of very few banks globally in the AA category. Since the onset of the financial crisis in 2008, CBA has increased its capital base and improved its funding and liquidity position by increasing customer deposits and long-term wholesale debt, while reducing the use of short-term wholesale funding.
With its strong reputation and solid financial foundation, Commonwealth Bank of Australia looks forward to seeing Commonwealth Bank Indonesia play a significant role in Indonesia's future, bringing a positive influence to the development of the Indonesian banking sector.
For further information, please visit CBA website on commbank.com.au