Got a tricky question? Receive an answer from students like you! Try us!

Commonwealth bank of Australia - Essay Example

Only on StudentShare
Undergraduate
Author : lacy33
Essay
Finance & Accounting
Pages 5 (1255 words)

Summary

Commonwealth Bank of Australia Instructor Institution Date INTRODUCTION The Commonwealth Bank of Australia is a multination financial and banking institution with its headquarters in Australia. The bank has specialised in providing a wide range financial services that include but not limited to personal, retail and corporate banking, financial planning and insurance, funds management, mortgage financing, brokerage and underwriting…

Extract of sample
Commonwealth bank of Australia

It is approximately one century since this giant financial institution was formed by the Australian government. However it is currently owned by private investors owing to the move by the Australian government to privatize the bank in 1996. Commonwealth Bank of Australia has continued to expand its operations in various regions through acquisitions, joint partnership and takeover. Commonwealth Bank steady performance in the industry is attributed to a wide range of strategies that include customer satisfaction, business banking, technology and operational excellence, profitable growth as well as trust and team spirit1. From the financial point of view it is evident that Commonwealth Bank has emerged strongly from a humble beginning to be a profitable banking institution in Australia. This clam can be justified by the fact that the Group’s net earnings after tax for the financial year ended 2011/12 hit $6,394 million which is 13% increase compared to the previous year. The Group recorded 18.4% and 411.2 cents on Return on equity and Earnings per share respectively. This was a 12% increase compared to prior financial year. The Group declared a final dividend of $ 1.88 per share which was an 11% increase compared to previous financial year2. ...
Download paper
Not exactly what you need?

Related Essays

Investment Analysis of BHP Billiton Company
This research will begin with the statement that Commonwealth Bank of Australia is a company that is based on Sydney Australia, it as founded in 1911 and its main line of business is provision of various banking and financial products and services to retail, small businesses corporate customers as well as institutional customers in Australia, New Zealand, the Asia pacific region, United Kingdom and the United States. An event study was carried out to determine the impact of the announcement of the 25 basis points decrease in cash rate by the Reserve Bank of Australia on 6th December 2011. The…
9 pages (2259 words)
The Financial and Banking System Of Australia
Due to a rise in the sea level, The Tasmania was separated from other islands that were offshore (Gup, p.46). …
17 pages (4267 words)
Essay on Financial Institutions Management
They not only provide financial services to the locals but to the international clients as well (Rezaee, 2001 p.5). In addition to that, Berger et al (1995) provide that a bank’s market capital requirements as the capital ratio that increases the value of a bank in the absence of regulatory capital essentials. In the following parts of this paper, first depository institutions working in the Australia have been elaborated. It is followed by the ANZ De-composition analysis, highlighting the profit margin and other factors. Subsequent to that, it is followed by the calculation of the duration…
12 pages (3012 words)
Adaptive Strategy and Business Sustainability
The changes in the environmental conditions necessitate changes in the strategies made. The adaptability to the environment changes is essential for the stability of the operations. The environment or the environmental changes provide opportunities as well as pose threats. The opportunities and the threats are analyzed in relation to the strengths and weaknesses in the system and organization. The key features of the Burgelman’s 3 stage model deals with the adaptive strategies which are useful in understanding the process and dynamics associated with the strategic decision making in an…
18 pages (4518 words)
Finance
To conduct this purpose commercial banks tend to lend money to private individuals as well as organizations so these individuals and organizations can use this money to make further investments and conduct expenses. Another purpose of such banks is to accept deposits made by individuals and organizations (Viney, 2009, p.50). Commercial banks even conduct several secondary functions which include: creation of credit, funds transfer and services that are general in nature. Sources and Use of Funds The main source of finance for commercial bank which contributes heavily to its cash inflow is…
4 pages (1004 words)
Financial Planning
The ethical standards also require the financial planners to get acknowledgement from their clients for deploying funds in the high risk investment avenues. In cases of conflict of interest, the financial planners are required to regard their professional duty of giving priority to the interest of their client. Finally, the high standards of practice require the financial planners to provide unbiased financial advises to their clients for protecting their interests. The financial planning done by the planners of the Commonwealth Bank of Australia falls under the FPA code of professional and…
4 pages (1004 words)
Finance for Business Decisions
Figure value depicts the trend of share price of the said bank. Westpac Bank share prices from 2008 to 2013 The figure clearly reveals some certain trends in the share process of this bank. From the figure it can be derived that there has been continuous ups and downs in the share value of this bank; which is quite normal and does not bother investors much. In the seventh month of 2008; the share price was below $20 i.e. $ 18.68; but during the year share value reached to the maximum of $ 25.05 but at the year end the price was somewhere around $ 16.63. The average price of share in this year…
7 pages (1757 words)