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CommBank

Full-spectrum financial services and banking

Overview

Commonwealth Bank of Australia (CommBank) provides a full range of financial services in Australia, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investments and sharebroking. Customers use accounts, loans, investments and insurance through multiple channels with digital tools and advisory services to manage money, borrow, invest and plan for the future. It differentiates itself by its size, scale and breadth, offering a broad suite of services under one umbrella to serve the Australian market. Its goal is to help all Australians build and manage their finances and to engage with customers and communities.

Significant Headcount Growth

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About CommBank

Simplify's Rating
Why CommBank is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Consumer SoftwareFinancial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Sydney NSW, Australia

Founded

1911

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What believers are saying

  • FY26 business transaction accounts grew 7% to 1.4 million, deepening stickiness.
  • July 2026 half-year deposit funding hit 79%, supporting lending growth and funding flexibility.
  • October 2026 CommBiz refresh adds AI support, cash-flow insights, and stronger security.

What critics are saying

  • Toronto branch closes December 4, 2026, sharpening political attacks on CBA’s footprint.
  • OpenAI and AI-heavy rivals compress digital banking differentiation by 2027.
  • A severe scam breach or AI failure could destroy trust and trigger regulator intervention.

What makes CommBank unique

  • CBA processed around 40% of domestic Australian payments in FY26.
  • One in four Australian businesses use CBA as their main bank.
  • CommBank Companion, launched May 2026, embeds AI banking actions inside the app.

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Funding

Total Funding

$5.6B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • 401(k) Retirement Plan
  • Remote Work Options
  • Flexible Work Hours
  • Paid Vacation
  • Paid Holidays
  • Company Equity
  • Wellness Program
  • Mental Health Support
  • Conference Attendance Budget
  • Professional Development Budget
  • Stock Options

Stock Price

Growth & Insights and Company News

6 month growth

4%

1 year growth

5%

2 year growth

5%
Kalkine New Zealand Limited
Nov 12th, 2026
Auckland Airport raises $195M in Australian bonds, with orders topping $650M

Auckland International Airport has completed an A$300 million issue of six-year fixed rate bonds due November 19, 2032, according to a company filing dated November 13, 2026. The final order book exceeded A$1,000 million. The bonds were issued under the airport's wholesale Australian medium-term notes programme, so only institutional investors could buy them. S&P Global is expected to rate the issue A-. CBA and Mizuho were joint lead managers. It was the airport's fourth issue in the Australian market. Proceeds will fund the company's investment programme. Chief financial officer Stewart Reynolds said demand was strong, with the order book more than three times the amount raised. The deal follows a New Zealand retail bond issued earlier in November. Reynolds said the airport has raised over $700 million across domestic and offshore debt markets.

Capital Brief
Nov 10th, 2026
ANZ delivers 23% jump in full-year net profit to $7.3b.

ANZ delivers 23% jump in full-year net profit to $7.3b. Cash Climb Commonwealth Bank Q1 cash profit rises 8% to $2.8b. 1:36pm today The news: The Commonwealth Bank reported an 8% year-on-year increase in unaudited cash net profit after tax to $2.8 billion for the three months ended 30 September, despite a rise in home loan arrears amid ongoing cost-of-living pressures. The context: The bank recorded a 3% year-on-year increase in operating income, driven by growth in lending and deposit volumes, partly offset by weaker markets trading income. Business lending rose by 13.6% year-on-year, while deposits increased 7.7% and home lending grew 6.6%. Loan impairment expense totalled $30 million for the quarter, while the bank increased its collective provisions by $105 million. Home loan arrears increased by 7 basis points to 0.80%, reflecting mounting cost-of- living pressures from higher inflation and interest rates. Meanwhile, personal loan arrears eased modestly to 1.66%, as seasonal improvements partly offset cost-of-living pressures, while credit card arrears remained flat at 0.73%. The source: ASX Get capital gains in your inbox. Australia's banks are all betting big on AI, but their cultures are shaping how far they can go and whether staff come along for the ride. Rose Mackenzie, Jassmyn Goh, and Jemeema Hanson · 9 November 2026 NAB's business bank has held off its rivals. CEO Andrew Irvine is betting it can withstand a tougher economy, too. Rose Mackenzie · 5 November 2026 The Brisbane-based fund manager is still trudging through a wretched year as holdings like WiseTech, Life360 and Xero were pummelled. Hugo Mathers · 5 November 2026

The Market Floor
Oct 27th, 2026
archTIS extends $2.6M of CBA debt to April 2027, keeping $5.2M facilities without dilution

archTIS (ASX: AR9), a data security software provider, has extended the maturity of A$4 million in Commonwealth Bank of Australia (CBA) debt by six months, from October 30, 2026 to April 30, 2027. The extension keeps A$8 million in total CBA facilities in place without diluting shareholders. The only cost is a one-off A$2,000 establishment fee, and all other terms are unchanged. The remaining facilities are two A$2 million tranches, maturing January 29, 2027 and January 31, 2027. "Access to flexible, non-dilutive bank funding remains an important part of our disciplined approach to capital management," said chief executive officer Daniel Lai. The move follows a second Pentagon development contract worth A$315,000, won earlier this month.

Kalkine
Oct 23rd, 2026
Janus Electric secures $7.2M CBA financing to deliver 118-truck North American order book

Janus Electric Holdings (ASX:JNS) has secured A$11 million in financing from the Commonwealth Bank of Australia (CBA) to support delivery of its North American order book. The package includes a A$10 million revolving trade finance facility for working capital and a A$1 million asset finance facility to fund equipment for expanding production capacity. The first US truck conversions from the 118-truck order book are scheduled for delivery in the second quarter of FY2, subject to conditions. The trade finance facility is secured against the company's assets and subject to CBA's annual review. It carries financial covenants and standard commercial interest rates and fees. Janus Electric is an Australian heavy vehicle electrification company with a battery swap platform. It has deployments in the US and Canada.

Super Radio Network
Oct 23rd, 2026
CommBank to close Toronto Branch.

CommBank to close Toronto Branch. October 23rd, 2026 A decision by Commonwealth Bank to close the doors of its Toronto Branch has been met with anger from the Federal Member for Hunter Dan Repacholi. Taking to social media, Mr Repacholi called the move to shutter the location on December 4th "an absolute disgrace". He pointed out the bank's recent profit margins and questioned how other banks seemed to be opening branches while CommmBank shuts the doors on theirs. "This mob made nearly $11 BILLION in profit last financial year", Repacholi said, "yet apparently can't afford to keep a regional branch open. Meanwhile, The Mutual Bank just opened a new branch in Cessnock". The move comes despite the bank committing to keep all its regional bank branches open into the next decade, CommBank the first bank to make a regional branch commitment in February 2023, which has been extended until at least December 2030. A CBS Spokesperson said "CBA, like the rest of the banking industry, uses the independent and national ARIA+ (The Accessibility/Remoteness Index of Australia) framework to classify branch locations. Under that system, Toronto is classified as metropolitan." ARIA+ is an independent national framework used by the ABS, regulators and banks to define what is regional and what is metropolitan. "The regional branch moratorium remains fully in place for locations classified as regional." The spokesperson said. "We remain committed to maintaining the largest branch network in the country and look forward to warmly welcoming our Toronto customers to our nearby branches in Glendale and Morisset, which are bigger branches with more staff and greater access to services." Commbank has said they will be looking for a location close to the Toronto branch where they can maintain a stand alone ATM, also telling their customers in the local area that they can perform 98% of their cash transactions at the local Australia Post outlet, which is on the same block as the closing branch, The branch employees will be redeployed to other comparable roles, including to nearby locations to help relieve wait times for customers in those branches. Repacholi has called on the bank to rethink the decision, "Profits before people. Bloody disgraceful!" he said.

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