2002 Country Awards - Best Local Banks, Investment Banks and Brokers

In the first of our two part country awards, here we present the best local banks, investment banks and brokers.

Australia

Best local bank - Commonwealth Bank

Like peas in a pod, Australia's big four banks dominate the commercial banking market. NAB lays claim to the biggest share of retail account holders, Westpac has cornered the corporate end of the market and ANZ runs an enviable investment banking business. But this year the achievements of the Commonwealth Bank have impressed our judges most. With total assets in excess of A$320 billion it is an institution to reckon with, but more importantly it appears to be expanding its business into new markets.

The June 2000 acquisition of 100% of Colonial LimitedĀ - a life insurance, banking and funds management groupĀ - has diversified...

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