[WORLDKINGS] Top 100 companies over 100-years and still in business – P30 - Commonwealth Bank of Australia (Australia): 109 years development of Australia’s largest and most valuable bank

10-09-2020

(WorldKings.org) The Commonwealth Bank of Australia is the largest bank in Australia by assets, deposits, market capitalization and number of branches and ATMs. In 2020, the bank retains the most valuable bank in Australia, with brand value of US$7.5 billion.

 

 

The Commonwealth Bank of Australia (abbreviated CBA or CommBank) is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom.

It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services.

 

 

Founded in 1911 by the Australian government and fully privatised in 1996, the Commonwealth Bank is one of the "big four" Australian banks, with National Australia Bank (NAB), ANZ and Westpac. The bank listed on the Australian Stock Exchange in 1991.

 

 

The former global headquarters of Commonwealth Bank were the Commonwealth Trading Bank Building on the corner of Pitt Street and Martin Place, Sydney. In 2012, the headquarters were moved to Tower 1, 201 Sussex Street and two new nine-storey buildings which were built at the site of the former Sega World Sydney, in Darling Harbour on the western side of Sydney's city centre.

The Commonwealth Bank of Australia is the largest bank in Australia by assets, deposits, market capitalization and number of branches and ATMs.

 

 

At December 31, 2019, it had A$980 billion in total assets, A$642 billion in deposits and A$773 billion in loans. CommBank shares are traded on the Australian Securities Exchange with a market capitalization of A$127 billion as of Jun 10,2020, according to advratings.com.

According to brandirectory.com, In 2020, the bank retains the most valuable bank in Australia, with brand value of US$7.5 billion.

According to brandirectory; advratings.com and en.wikipedia

 


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