Commonwealth Bank of Australia (OTCMKTS:CBAUF) is a diversified financial-services group headquartered in Sydney, Australia. Established in 1911, the bank provides banking, lending, payments and related financial services to individuals, businesses, institutional clients and government organizations.
Its consumer banking operations offer transaction and savings accounts, home loans, personal lending, credit cards, insurance and investment products. Commonwealth Bank also serves small and medium-sized businesses with business accounts, lending, merchant services and payment solutions, while its institutional banking division provides financing, transaction banking, markets and advisory services.
The group primarily serves customers in Australia and also has international operations, including its New Zealand banking business, ASB. Commonwealth Bank has expanded its digital banking capabilities through platforms and services such as the CommBank app, which supports payments, account management and other financial activities.
Commonwealth Bank is led by Chief Executive Officer Matt Comyn, who has held the role since 2018. The company operates as one of Australia's major banking institutions and is listed on the Australian Securities Exchange under the symbol CBA.
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