Commonwealth Bank of Australia is the country's leading provider of integrated financial services, serving more than 17 million customers across retail, premium, business and institutional segments. Founded in 1911, the bank has evolved from its origins as a government-owned savings institution to become one of Australia's largest financial institutions, now operating with over 48,900 employees across the Commonwealth Bank Group.
The bank's service offerings span retail banking, business banking, institutional banking and markets, superannuation (retirement savings), insurance and share-broking. This breadth allows it to serve diverse customer needs, from individual savers to large institutional clients. Operations extend beyond Australia through ASB, its New Zealand subsidiary, though the primary focus remains the Australian market.
Commonwealth Bank positions itself as a provider of stability for the broader economy. The institution's current strategic direction is described as building tomorrow's bank today, with stated commitments to investing in communities and leveraging its scale to support customers.