Financial Analysis of Commonwealth Bank of Australia

Running head: FINANCIAL ANALYSIS
Financial Analysis
Name of the Student
Name of the University
Author Note

1
FINANCIAL ANALYSIS
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Conclusion.......................................................................................................................................2
References........................................................................................................................................2

2
FINANCIAL ANALYSIS
Introduction
In 1911, the Act of Commonwealth Bank established the Australian Commonwealth
Bank of (CBA). The ‘Andrew Fisher labor government’ introduced it. In very short time period
for the time, the bank had both general bank business and savings. It was the bank was also the
first Australian bank to get guarantee of government of federation.
The CBA or Commbank is a multinational bank carrying on operations in New Zealand,
Asia, the United Kingdom and the United States. It provides a range of financial
services including retail, business and institutional banking, funds management, superannuation,
insurance, investment and broking services (Carnegie 2016). As on the date of August 2015, the
Commonwealth Bank listed as the is the largest company in Australia on the Australian
Securities Exchange as of August 2015. The Commonwealth Bank is also the largest bank in
the Southern Hemisphere,
Discussion
Critical evaluation of CBA’s practices and financial decisions described in the background
above with reference to the Corporate Social Responsibility (CSR) principles
As per the reports presented by the CBA the various corporate social responsibility
policies includes the various commitments that the company make in the report like ensuring
honesty, professionalism and fairness in dealing with the customers. As per the corporate
governance statements, the Common Wealth Bank Group is committed for ensuring the various
policies and practices like managing the frauds, countering money laundering, and political
donations (Bank 2014). The vision is to secure and increase the financial welfare of the
communities, customers and the businesses.
The objectives of the CBA are as follows:
 To provide competitive and cost effective financial service and banking
 To enable the customers transact with confidence and convenience
 To enhance and protect the customer wealth