Comm bank

Common wealth bank group overview

Common wealth bank group is Australia's leading financial organization committed to cultural diversity, availability of opportunities and doing business in safe and customer-friendly atmosphere. Apart from its strong domestic presence, the Common wealth bank has maintained international presence on such continents as Asia (with branches in Singapore, Japan, Vietnam, Hong Kong, and Indonesia, as well as representative offices in India, China and Vietnam), North America (New York) and Europe (London). The Comm bank has been represented in Europe since 1913, providing financial, investment and advisory services to clients, while maintaining leading positions in various segments of the European market, offering numerous advantages over its competitors. The European branch of the Comm bank is notable for providing migrant banking services to the clients intending to move to Australia. Apart from that, it's committed to assisting companies with extending their business connections with Australia and offering a comprehensive range of services for private customers and businesses of any size.

Main services offered by the group

The Common wealth bank is the leading financial company in Australia's financial market as well as the most recognizable financial brand. It offers an extensive range of services to both customers based in Australia and New Zealand, as well as those located on other continents. The services of the Comm bank include retail banking, superannuation, institutional banking, business banking, investment, share broking services, funds management, premium banking, insurance and a lot more. Retail banking services offered by the Comm bank include demand/term deposits, personal loans, retail deposits, credit cards issuance, discount stock broking, home loans and transaction accounts, while it also offers such commercial products as business loans, agribusiness products, equipment and trade finance.

Business divisions and specific services offered

Each of the five business divisions offered by the Common wealth bank have been designed to deliver the service in most convenient and advantageous way for the customer. Those divisions include:

Business and Private Banking: providing solutions and services to regional and medium enterprise customers, as well as assisting customers trading online and offering consultations to companies and premium personal customers. Retail Banking Services: delivering product tailored to the specific needs of small businesses and private individuals looking for banking services that could be both convenient and not too costly.

Wealth Management – offering customers to enjoy such famous financial brands as Colonial First State, Colonial First State Global Asset Management and CommInsure. International Financial Services – focusing on the tremendous opportunities for growth offered by the key markets of the Asia-Pacific – India, China, Indonesia and Vietnam, as well as other countries the Comm bank is represented in.

Institutional Banking and Markets – providing debt, equity and banking services to Institutional clients, was well as bringing in the expert skills and experience required for the client to succeed and have their needs addressed.

For the Common wealth bank to stay on top and always live up to the client's expectations, there are five support divisions intended for developing viable strategies, getting expert advice on the group's financial management, identifying and assessing risks, coming up with innovative platforms and tools essential for successful business, as well as bringing together all the skills and people that can ensure the clients' satisfaction and success. All that is effectuated through such divisions as Human Resources, Enterprise Services, Risk Management, Financial Services, as well as Marketing and Communications.

Convenient Internet banking

Internet banking offered by the Common wealth bank gives you a number of options for making transactions without leaving home. There is NetBank – the banking facility that makes it possible for the customer to make payments and receive money in multiple currencies. International Money Transfer offers a completely safe way to send money to family members or friends living abroad. There is also ExpressFX – the timesaving system that allows pre-ordering foreign cash and having it delivered within a specific period to the closest bank branch. Ordering travelers' cheques is also a possibility.

The Common wealth bank facts and figures

With shareholder base over 790,000 and more than 45,000 employees, (75% of whom are also shareholders), the Common wealth bank offers the most extensive financial service network nationwide. There are well over a thousand branches and four thousands ATMs in Australia, and over 190,000 EFTPOS terminals are supported. The Comm bank has over 10 call centers ready to address any of its customer's needs or concerns at any time convenient. The Common wealth bank cardholders have the possibility of using their cards in over one million ATMs worldwide.