Commonwealth Bank of Australia

The Commonwealth Bank of Australia is a leading provider of integrated financial services, offering a wide range of products including retail banking, premium banking, business banking, and institutional banking. Its services encompass home loans, credit cards, personal loans, transaction accounts, and deposits for individual customers, while also providing business loans, trade finance, and agribusiness products for corporations and government entities. The bank is recognized for its strong focus on digital banking, featuring a user-friendly mobile app and online platform that enable customers to manage their finances conveniently. In addition to its substantial operations in Australia, the Commonwealth Bank has a presence in several international markets, particularly in the Asia-Pacific region, serving clients in New Zealand, China, Hong Kong, Indonesia, India, Vietnam, the United States, and the United Kingdom.

Ian Narev

Managing Director and CEO

Paul Nicolo

Analyst, M&A, Group Strategic Development

Past deals in New Zealand

Waddle

Acquisition in 2023
Waddle provides a flexible, on-demand revolving line of credit tailored for businesses. Utilizing a fully online, cloud-based platform, Waddle modernizes the financing industry by allowing users to link their accounting software, such as Xero, QuickBooks Online, or MYOB, to access funds against future payments. The platform is designed for ease of use, offering loans and credit based on unpaid invoices, which helps businesses manage cash flow effectively and support growth. Waddle is recognized as the highest-rated financial services partner for Xero accounting software in Australia and New Zealand, distinguishing itself through its 100% automated accounting add-on functionality.

HealthScope

Healthscope is Australia’s second largest private hospital operator, providing a range of healthcare services across the country. The company operates a diverse portfolio of acute hospitals, seven psychiatric hospitals, and six rehabilitation and extended-care facilities, catering to patients primarily in the major population centers of Sydney, Melbourne, and Brisbane. In addition to its hospital services, Healthscope is a leading provider of pathology services in New Zealand, Malaysia, and Singapore, and it manages more than 57 medical centers throughout Australia, enhancing access to medical care for various communities.
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