From a big bank to a small, to a family-run firm, there are some of the most diverse financial services in the world.
Some of the best, and most controversial, banks are located in Melbourne, Sydney, Brisbane and Perth.
We’ve ranked them from the most profitable to the least profitable.
Commonwealth Bank of Australia (CBA) 1.2% profit margin.
The CBA was born in 1894 when the Bank of Melbourne opened as an investment bank.
Its success is a reflection of its founder, David Johnston, who was a well-known lawyer, not a banker.
Johnston was also a keen poker player and was known for his passion for poker and the “whisky game” of the day.
He started out as an apprentice banker and soon became a managing director of the company, managing its assets in Australia, the Caribbean and Europe.
Johnston’s philosophy was to develop products and services that were both profitable and socially useful, which was also part of his background.
In the late 1990s, the bank was forced to cut back on services and focus on the profits.
The financial services division was renamed Commonwealth Bank, but Johnston says it remains the same today.
“The CBA is a different bank today.
The investment banking unit remains, and we are still doing the same business as before,” he said.
“But the services business is where we still focus.”
Commonwealth Group (CG) 2.2%.
The first company that Johnston founded in the mid-1990s, Commonwealth Group is a division of the Commonwealth Bank that provides credit, insurance, financial services and other services to its customers.
Its clients include the Australian Government and the Australian Capital Territory, as well as the State Government of Queensland.
“It’s not a bank that’s really big.
It’s a very small business, but it’s still very profitable,” Johnston said.
As a result, it’s very proud of its record, which is a good thing, because we’re very small,” he added.
Bankwest (BKW) 3.1% profit.
The bank’s origins lie in the early 1980s, when it was created to provide banking services to the Australian economy.
It is now Australia’s biggest bank by market capitalisation.
“Banks that have more market capitalization have more diverse and dynamic businesses, and that’s why we are more profitable. “
We are one of the smaller banks, so we’re not quite as big as the banks in the US,” he explained.
“Banks that have more market capitalization have more diverse and dynamic businesses, and that’s why we are more profitable.
We’re a different business and it’s a good business.”
Commonwealth Banking Group (CBG) 4.3% profit margins.
The third largest bank in Australia by market cap, CBG was founded in 1984 and it was the first bank to make its debut in Australia.
In 2000, it began to expand its operations in the banking industry.
“I think there is a lot of people who think that the big banks are not profitable,” said Johnston.
“There are many of them that are profitable, but the other big banks don’t have that level of scale.
It depends on how you define profitability.
You need to know what your customers are doing, your customers’ needs, your profitability and how you can get it,” he continued.
“If you have a business that’s profitable, that means you have customers and that means a profit.
National Australia Bank (NAB) 5.4% profit, but a lot to get through. “
What we don’t want to do is just sell ourselves to the big three and say ‘Oh, we’re going to get rid of all the little companies’.” 5.
National Australia Bank (NAB) 5.4% profit, but a lot to get through.
NAB was founded by John Johnston in 1983.
It was the biggest bank in the Commonwealth, and Johnston was the only person to hold the position.
The first year it was operational, NAB had a profit margin of 2.5%.
By 2000, the number had risen to 5.7%.
The bank has since changed its name to National Australia Group, but that has not changed the way Johnston sees his bank.
“As a bank, we’ve got a different focus, but we’ve also got a focus on what we do.
We don’t make a big deal out of it,” Johnston told ABC News.
Commonwealth Life (CLG) 6.6% profit Margin.
The Commonwealth Life division was established in 1988 and it is now one of Australia’s largest lenders by market value.
Johnston described the bank as “one of the biggest banks in Australia”.
The bank was founded to be a “financial services company” that provides financial services to small businesses and people who have a small income.
“That’s what we’re all about,” he stressed.
“You need to have a balance sheet to fund that and to pay dividends.
That’s what’s important to us, that we fund