The Commonwealth Bank of Australia was founded in 1911 by the Australian Government. The government fully privatized it in 1996. It is a multinational bank with businesses across New Zealand, UK, Asian Countries, US and Fiji. The strategic strengths of the Commonwealth Bank of Australia are: brand, scale and diversified mix.
Commonwealth Bank of Australia also provides financial services including retail, business and institutional banking and funds management etc. The Group also offers investment products and superannuation. It also has brands like Bankwest, Colonial First State Investments Limited, ASB Bank, Commonwealth Securities Limited and Commonwealth Insurance Limited.