Commonwealth Bank of Australia came into existence in 1911 .It employees 44329 employees and has its headquarters in Sydney, Australia.
Ian Narev is the CEO. It is ranked 47 in Forbes Global 2000. Forbes calculate Global 2000 by compiling a composite score for each company based on their rankings for profits, sales, assets and market value. The highest composite score gets the highest rank and then the ranking of Forbes 2000 is done in descending order.
It provides a range of financial products and services such as superannuation, retail, investment and broking, funds management, institutional banking and business, insurance services. The other banking products include Credit Cards, Mortgages ,Corporate Banking, Private Equity, Investment Management, Global Wealth Management, , and Loans etc. It is ranked second based on total assets figure and the bank with a market capitalization of $ 117 billion. The company operates its business in six segments: Business and Private Banking, Institutional Banking and Markets, New Zealand, Retail Banking Services, Bankwest and Other Divisions. The Other Divisions segment consists of international financial services like investments in Vietnamese and Chinese retail banks, the joint venture between the life insurance operations in Indonesia and Chinese life insurance business.