Commonwealth Bank of Australia
Commonwealth Bank of Australia provides banking and financial services. The company provides range of banking and financial products and services to retail, small business, corporate and institutional clients. It provides financial services, including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and share broking products and services. The company operates its business under six segments: Retail Banking Services, Business and Private Banking, Institutional Banking and Markets, New Zealand, Bankwest and Other Divisions. The Retail Banking Services segment includes the origination of home loan, consumer finance and retail deposit products and the sales and servicing of all retail bank customers. In addition, commission is received for the distribution of business and wealth management products through the retail distribution network. The Business and Private Banking segment provides specialized banking services to relationship managed business and agribusiness customers, private banking to high net worth individuals and margin lending and trading through CommSec. In addition, commission is received for the distribution of retail banking products through the Business and Private Banking network. The Institutional Banking and Markets segment services the company's major corporate, institutional and government clients, creating customized solutions based on specific needs, industry trends and market conditions. The Total Capital Solutions offering includes debt and equity capital rising, financial and commodities risk management and transactional banking capabilities. The New Zealand segment includes the banking, funds management and insurance businesses operating in New Zealand excluding the international business of Institutional Banking and Markets. The Bankwest segment is a full service bank active in all domestic market segments, with lending diversified between the business, rural, housing and personal markets, including a full range of deposit products. The Other Divisions segment includes international financial services Asia incorporates the Asian retail and SME banking operations, investments in Chinese and Vietnamese retail banks, the joint venture Chinese life insurance business and the life insurance operations in Indonesia. Commonwealth Bank of Australia was founded in 1911 and is headquartered in Sydney, Australia.