Search results for Business

Government

Fiscal policy supports strong recovery: CBA economists

Last night’s Federal Budget was defined by a number of fiscal measures that are designed to support a wide range of sectors and drive economic growth.
12 May 2021
Government

CBA’s chief economist says: jobs, community support dominate Budget

Infrastructure spending, investment in skills and training “aims to put more people into jobs”, says CBA chief economist Stephen Halmarick.
11 May 2021
Technology

CBA transforms its ecommerce offering with BigCommerce partnership

From design to sales, CBA merchants now have access to a ‘one stop shop’ for their online business.
10 May 2021
Business

Commonwealth Bank and data science leader Quantium launch CommBank iQ to help customers build Australia’s future economy

Commonwealth Bank announces a new joint venture with Quantium to deliver insights to Australian businesses, governments and investors.
10 May 2021
Agribusiness

“Stewards of the land”: farmers in the market for land, expansion opportunities

Following years of drought, high confidence amid favourable conditions has placed farmland in high demand.
6 May 2021
Business

CBA strengthens digital healthcare capabilities with Whitecoat acquisition

CBA accelerates ambition to provide Australia’s best-in-class digital experience for healthcare customers.
4 May 2021
Business

Australian accounting firms ramp up growth opportunities

Accounting firms enjoy buoyant business conditions amid continued client demand.
29 April 2021
Business

CBA acknowledges proceedings commenced by ASIC

CBA acknowledges that civil proceedings have been brought by the Australian Securities and Investments Commission in the Federal Court.
1 April 2021
Business

Completion of divestment of Australian life insurance business

Commonwealth Bank of Australia has today announced the completion of the divestment of its Australian life insurance business.
1 April 2021
Small business

CBA backs Australian hospitality recovery

The recovery in Australia’s hospitality industry is picking up as consumers steadily increase spending.
29 March 2021
Business

CBA welcomes expanded government SME Recovery support measures for flood-hit businesses

Commonwealth Bank of Australia has welcomed the federal government's extension of the SME Recovery Loan Scheme for flood-impacted businesses, anno...
27 March 2021
Business

CBA reaches agreement to settle US BBSW class action

Commonwealth Bank of Australia (CBA) has reached an agreement with the Plaintiffs to settle the US BBSW class action.
22 March 2021
Business

Regional Australia bounces back as Aussies explore their own backyards

Regional Australia defies COVID-19 downturn with hospitality, tourism and retail spending showing significant year-on-year growth.
17 March 2021
Group performance

Innovation drives growth in lending

At its half year financial results earlier today, Commonwealth Bank reported above system growth in all of its core businesses.
10 February 2021
Household spending

Travel, entertainment spending intentions increase in December

Australian household spending intentions for travel and entertainment ticked higher at year-end, even as appetite for home buying softened, accordi...
19 January 2021
Business

CBA supports Australian-first PPP Green Loan

Green finance to help Australia’s transport sector in the transition to a low carbon economy.
16 December 2020
Household spending

Home Buying and Retail spending intentions strengthen in November

Spending intentions grew in a number of key categories last month, according to combined CBA and Google data.
15 December 2020
Business

CBA collaborates with Queensland Government to offer contactless payments to Gold Coast commuters

New payment technology rolls out for Gold Coast Light Rail commuters in South East Queensland, supporting traditional cash and go card.
14 December 2020
Business

‘Tis the season for businesses to be fraud aware

Fraud rates among CBA merchant customers have fallen by 15%, but small businesses are encouraged to remain vigilant as online sales spike.
4 December 2020
Business

CBA acknowledges proceedings commenced by ASIC

Commonwealth Bank of Australia (CBA) acknowledges that civil proceedings have today been brought by the Australian Securities and Investments Commi...
1 December 2020
Small business

Businesses get ready for a busy Black Friday and Cyber Monday

Aussie shoppers welcome the opportunity to snag a bargain during this increasingly popular period, according to CBA credit and debit card data.
26 November 2020
Business

Australian law firms defy pandemic amid intensifying fee pressure

Australian law firms have shrugged off fears of a contraction in revenue due to the coronavirus, recording rising year-on-year profits.
25 November 2020
Economy

Reserve Bank partners with CBA and others on Wholesale Central Bank Digital Currency research project

An industry blockchain project involving the RBA, CBA, NAB, Perpetual and ConsenSys Software.
2 November 2020
Business

Millennials embrace telehealth consultations with general practitioners

New data has revealed more than 95 per cent of general practices (GPs) across Australia are now offering telehealth technology in response to the C...
28 October 2020
Business

Melbourne Cup rate cut a firm favourite

A November rate cut by the Reserve Bank of Australia now looks all but certain, according to Commonwealth Bank Chief Economist Stephen Halmarick.
27 October 2020
Business

Tas remains on top, ACT lifts and Vic slips: CommSec State of the States

The latest CommSec economic rankings reveal how the pandemic recession is hitting some states and territories harder than others.
26 October 2020
Business

Institutional investors increase demand for 'green' finance

Two green bonds issued this week highlights the growing demand for sustainable finance, according to Commonwealth Bank.
23 October 2020
Innovation

CBA supports Bribery Prevention Network

Commonwealth Bank of Australia has joined forces with several other ASX-listed companies, government and civil society organisations to launch the ...
21 October 2020
Economy

Uneven recovery continues in September

CBA’s Chief Economist Stephen Halmarick confirms spending intentions largely tracked sideways in September, while expecting future improvements.
20 October 2020
Innovation

Working from home sees spike in cyber-scams

An increase in the number of Australians working from home due to COVID-19 has resulted in a surge in remote access cyber-scams, Commonwealth Bank ...
20 October 2020
Economy

Local support essential for small business recovery

Commonwealth Bank is more than doubling the number of local business bankers in branches across the country, and improving lending services in-bran...
19 October 2020
Economy

CBA invests $100 million for Australian Business Growth Fund

Commonwealth Bank of Australia (CBA) has welcomed today’s announcement by the Federal Government to establish the Australian Business Growth Fund b...
16 October 2020
Business

COVID-19 temporary loan repayment deferral data for September 2020

An update on CBA's COVID-19 temporary loan repayment deferral data for the month of September 2020, ahead of the Group's Annual General Meeting on ...
12 October 2020
Business

CBA ready for funding spike as SMEs look to future growth

With the second phase of the Federal Government’s SME Guarantee Scheme now underway, CBA is ready for credit demand to increase as businesses...
11 October 2020
Economy

Budget and low-cost funding to boost business investment

Small businesses have received a much needed confidence boost with the combination of the Federal Government’s 2020 Budget measures and extended Co...
7 October 2020
Business

APRA releases loan repayment deferral data for August 2020

An update on CBA's COVID-19 temporary loan repayment deferral data for the month of August 2020.
1 October 2020
Economy

Budget to “dig deep” to support the economy

With the Federal Government set to hand down its 2020/21 Budget next week, Commonwealth Bank’s Head of Australian Economics, Gareth Aird, details w...
30 September 2020
Business

CBA enables new cashless payment option for Adelaide commuters

CBA’s innovative payment technology supports the move away from using cash to pay..
20 September 2020
Business

CBA sustainability-linked loan captures international interest

Australia’s first sustainability-linked loan tied to achieving better social outcomes is capturing international interest.
17 September 2020
Business

Australia ranks 18th on ‘cheapest tech’ list

A firm Australian dollar underpinned by the high price of iron ore means Australia is no longer one of the cheapest countries in the world to buy a...
15 September 2020
Small business

Small businesses get funds in minutes with BizExpress Online

Thousands of CBA’s small business customers* can now apply for, and access, new loans in as little as 20 minutes, with BizExpress Online.
27 August 2020
Business

Renewed restrictions hit business activity

Early data indicates business activity has gone backwards, according to initial results of the latest CBA Purchasing Managers’ Index.
21 August 2020
x15ventures

X15 Ventures launches Backr to help first-time businesses

New app provides businesses with everything they need to hit the ground running.
28 July 2020
Business

CBA teams up with strategic partners to offer new digital services to customers

Commonwealth Bank today announced the appointment of two strategic partners to help deliver new digital banking services to the Group’s 15 million ...
28 July 2020
Business

Tasmania leads the nation: CommSec State of the States

The latest CommSec economic rankings reveal how the state and territory economies have handled the early stages of the coronavirus pandemic.
27 July 2020
PMI

Business recovery gathers pace

Improvement in business activity gained momentum this month, according to initial results of the latest CBA Purchasing Managers' Index.
24 July 2020
Agribusiness

Growing optimism for Aussie farmers

Opportunity for agribusinesses to capitalise on positive outlook.
14 July 2020
Business

Commonwealth Bank welcomes Government's HomeBuilder program

CommBank welcomes the announcement of the new HomeBuilder program which will help boost the economy, support home builders and renovators, and get ...
4 June 2020
Colonial First State

CBA announces agreement to sell 55% stake in Colonial First State to KKR

Commonwealth Bank of Australia has entered into an agreement with KKR to sell a 55% interest in Colonial First State, implying a total valuation on...
13 May 2020
Business

CBA approves half a billion dollars in SME loans

Commonwealth Bank (CBA) has approved more than $555 million in loans for small and medium businesses through the Government-backed SME Guarantee Lo...
7 May 2020