Listed on the Australian Stock Exchange, it is an international financial services company, which mainly provides banking services, fund management, pension and brokerage services for retail, commercial and institutional clients. The total assets held and managed by the Group are about US$ 428.7 billion. At present (20 19), Commonwealth Bank is the largest bank in Australia, with 1267 branches and 4,253 ATMs.
Commonwealth Bank of Australia is the largest financial service provider in Australia, providing all-round financial services including banking, securities, insurance and funds. At present, it has business in 13 countries and regions. At the end of fiscal year 20 1 1 (as of June 30, 2000/1), the total assets reached 667.9 billion Australian dollars, and the after-tax net profit (cash basis) was 6.835 billion Australian dollars (about 47.3 billion RMB), up12 year-on-year.
The Commonwealth Bank of Australia is the largest bank in Australia and the ninth largest bank in the world by market value.
Since the Commonwealth Bank of Australia entered China from 1994, it has established close ties with China financial circles and carried out business cooperation in various fields.
history
The Commonwealth Bank of Australia was established in 19 1 1 year, and has been exercising the functions of the central bank of Australia for 50 years. 199 1 year, Commonwealth Bank of Australia was listed on the Australian Stock Exchange and became a listed company. Subsequently, the bank was privatized in three steps, which was completed in 1997. By 20 12, Commonwealth Bank of Australia has developed into an enterprise with 800,000 shareholders and 52,000 employees.
2065438+On September 20th, 2007, AIA acquired the life insurance business of Commonwealth Bank of Australia in Australia and New Zealand and the life insurance and health insurance business in New Zealand for A $3.8 billion; At the same time, it has established a 20-year strategic bank insurance partnership with Commonwealth Bank of Australia and Auckland Savings Bank.
On May 23, 2008, the insurance company under Commonwealth Bank of Australia sold 37.5% shares of Bank of Communications Kanglian Life Insurance to Sumitomo Mitsui Marine Fire Insurance. Bank of Communications Kanglian Life Insurance will become a joint venture between Sumitomo Mitsui Marine and Bank of Communications, with a capital contribution ratio of 62.5%.
201810/On October 23rd, Fu Wei acquired an 80% stake in PT Commonwealth Life (PTCL), an Indonesian life insurance business owned by Commonwealth Bank of Australia, for A $426 million. The two sides also reached a 15-year strategic distribution agreement, and the exclusive agent of Commonwealth Bank of Australia will be able to distribute related products.
20 18 10 3 1 Mitsubishi UFJ financial group acquired the first investment of the global asset management department of Commonwealth Bank of Australia for 465,438+300 million Australian dollars (US$ 2.9 billion)? First State Investments, after the transaction is completed, its asset management scale will reach 727.2 billion US dollars, becoming the largest asset management company in the Asia-Pacific region.
On June 2, 2002 1 June 21day, Commonwealth Bank of Australia sold CommInsure to Hollard Group, which is headquartered in South Africa, with an estimated profit of over A $65,438 billion.