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Commonwealth Bank of Australia Apr 04 Product Image

Commonwealth Bank of Australia Apr 04

  • Published: April 2004
  • Region: Australia
  • Standard & Poors

FEATURED COMPANIES

  • ASB Bank Ltd.
  • ASB Finance Ltd.
  • CBA Funding NZ Ltd.
  • CBFC Ltd.
  • Colonial Finance Ltd.
  • Colonial Holding Co. Ltd.
  • MORE

Abstract
Very good asset quality and earnings, underpinned by sound credit risk profile Strong business franchise and distribution capability Sound diversity of operations, with very good market positions in banking, life insurance, and wealth management Conservative and experienced management team Earnings primarily reliant on banking operations Full leverage from investment and insurance division yet to materialize Primarily reliant on Australian economy The counterparty credit ratings on Commonwealth Bank of Australia (CBA) reflect its strong banking earnings, very good asset quality, and broad based business platform. Core banking operations are supplemented with leading domestic market positions in life insurance and wealth management, the latter through its Colonial First State subsidiary. The bank's funding capability benefits from a large and stable retail deposit...

Companies mentioned in this report are:
- Commonwealth Bank of Australia
- ASB Bank Ltd.
- CBFC Ltd.
- ASB Finance Ltd.
- Colonial Finance Ltd.
- The Colonial Mutual Life Assurance Society Ltd.
- Colonial Holding Co. Ltd.
- The Colonial Mutual Life Assurance Society Ltd. (NZ Branch)
- READ MORE >

- Commonwealth Bank of Australia
- ASB Bank Ltd.
- CBFC Ltd.
- ASB Finance Ltd.
- Colonial Finance Ltd.
- The Colonial Mutual Life Assurance Society Ltd.
- Colonial Holding Co. Ltd.
- The Colonial Mutual Life Assurance Society Ltd. (NZ Branch)
- CBA Funding NZ Ltd.
- Sun Life Hong Kong Ltd.

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