Commonwealth Bank of Australia

The Commonwealth Bank of Australia or CommBank is Australia's largest bank by asset-size and the 18th largest bank in the Asia Pacific region ("Asia-Pacific's 50 largest banks by assets, 2023" by S&P Market Intelligence). 

CommBank rolls out discounts to small business with Yello for Business

Customers receive discounts on various brands and exclusive pricing on Samsung products.

CommBank adds extra confirmation step for NetBank logins

Customers using the CommBank app will be prompted for confirmation.

CBA expected to maintain low credit losses, strong capital levels

Australian banks remain exposed to high household debt and prices.

Top 25 banks’ market cap rises 27.1% in Q4 2024

ICBC is APAC’s top bank in terms of market cap; DBS rises to 23rd spot.

CommBank walks back on account migration

Select accountholders would have been moved to a tier that has an A$3 withdrawal fee.

CBA to retain capital levels despite buyback, high dividend payout

Cash net profit after tax declined 2% in the latest financial year.

Australian banks’ dividends to stay flat amidst cash earning pressures

The higher payouts in H1 were to establish shareholders’ confidence, S&P said.

CBA credit losses to remain low over next two years: S&P

Share buyback will shave off reserves, but CBA should be able to remain above capital requirements.

Commonwealth Bank of Australia exploring GenAI use to test products

They are exploring the creation of GenAI chatbots that emulate human behaviors.

Weekly Global News Wrap: JPMorgan expects 20% revenue drop in Q1; CBA reports record profits

And Apple may look into into customers’ spending history, device ownership for BNPL services

Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P

Housing risks lessen as local house prices continue its correction.