Institutional Banking and Markets

Institutional Banking and Markets achieved a cash net profit after tax of $1,004 million for the year, a 14 percent decrease on the prior year.

Institutional Banking and Markets Commonwealth Bank’s transaction banking specialists can tailor a working capital package to meet the needs of our customer’s business.

This reflected a 5 percent decrease in banking income, a reduction in investment
allowance tax credits and an increase in impairment expense.

The business has maintained its focus of continuous investment through its foreign
exchange platform renewal, enhanced online Transaction Banking Platform
(CommBiz) and continued build-out of the Institutional Equities and Debt Capital Markets business.

Performance highlights in relation to providing Total Capital Solutions to
clients included:
  • East & Partners semi-annual “Australian Institutional Banking Markets” survey has
    listed the Group as best in market for the last five years in the categories of
    “Loyalty to the Relationship” and “Understanding Customers’ Business”

  • Global Finance magazine recognised the Group as the best Australian foreign
    exchange provider for the third year in a row

  • DBM Business Financial Services Monitor ranked the Group first or equal first in
    the Institutional Banking segment in ten out of the past twelve months and

  • Insto 12th Annual Distinction Awards (March 2011) acknowledged the Group as
    the “Australian Issuer of the Year (Australian Bond Market)”.