CommBank (Commonwealth Bank of Australia)

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Overview

CommBank (Commonwealth Bank of Australia) is ASX: CBA + Australia's largest commercial bank by assets + market capitalization + ~17M+ Australian customers + Big Four Australian bank with NAB + ANZ + Westpac [1, au-cro].

History

Dec 22 1911 — Commonwealth Bank of Australia founded as Australian federal government-owned bank distinctive Australian banking heritage.

1991-1996 — Commonwealth Bank progressive privatisation via three IPO tranches on ASX.

2011 — CommBank mobile banking app launch.

2018 — CommBank AUSTRAC AML breach scandal + ~$700M fine.

Ownership & operator

Operating entity: Commonwealth Bank of Australia CBA (Australia's largest commercial bank by assets + market capitalization; ASX: CBA).

Major shareholders: Australian + international retail + institutional + foreign investors free float (no major controlling shareholder).

Regulators: APRA + ASIC + Reserve Bank of Australia.

Technical integration

CommBank mobile app (iOS + Android; ~17M+ Australian customers) + commbank.com.au online + CommBank branch network across Australia + ASB Bank New Zealand subsidiary + Bankwest Australian subsidiary + CommBank Visa + Mastercard + EFTPOS cards; PayID + New Payments Platform NPP + AU BSB + Osko (Australian fast P2P payment scheme).

Implementations & partners

CommBank subsidiaries: [[bankwest]] (Bankwest Australian retail bank; CommBank Western Australia subsidiary) + [[asb-bank]] (ASB Bank New Zealand; CommBank New Zealand subsidiary).

Major Australian banking + payments competitors: [[nab]] (NAB National Australia Bank; ASX: NAB; Australia's #2 bank by assets) + [[anz-australia]] (ANZ Australia and New Zealand Banking Group; ASX: ANZ; Australia's #3 bank by assets) + [[westpac]] (Westpac Westpac Banking Corporation; ASX: WBC; Australia's #4 bank by assets) + [[bendigo-bank]] (Bendigo and Adelaide Bank; ASX: BEN; Australian regional bank) + [[suncorp-bank]] (Suncorp Bank; ASX: SUN; Australian regional bank; ANZ acquired Aug 2024 ~$4.9B) + [[macquarie-bank]] (Macquarie Bank; ASX: MQG; Australian investment bank + retail banking) + [[ubank]] (UBank NAB's Australian digital bank subsidiary) + [[up]] (Up Bendigo Bank-anchored Australian digital bank) + [[wise]] (Wise UK + global multi-currency account) + [[revolut]] (Revolut UK global; Australian operations + AFSL holder).

Regulators: APRA + ASIC + Reserve Bank of Australia.

Status

Active, ASX:CBA + Australia's largest commercial bank by assets + market capitalization + ~17M+ Australian customers + Big Four Australian bank with NAB + ANZ + Westpac [1, 2].

Sources

1 CommBank — official
2 Commonwealth Bank — Wikipedia
au-cro In-corpus: reports/countries/AU-australia.md

Source

Biography extracted from commbank.md. See matrix.md for standards-support matrix if present.