Editing Commonwealth Bank (section)

===Privatisation (1991–present)===
[[File:Commonwealth Bank.svg|thumb|Logo used until 2020]]
[[File:(1)Commonwealth Bank Sydney.jpg|thumb|48 [[Martin Place]]; the Commonwealth Bank's headquarters from 1990-2009<ref name=":0">{{Cite web|last=John|first=Danny|title=Commonwealth Bank head offices through the years|url=https://www.commbank.com.au/articles/newsroom/|website=Commonwealth Bank - Newsroom}}</ref>]]
Between 1991 and 1996 the Australian Government under the [[Keating government]] fully privatised the Commonwealth Bank. The first share offer in 1991 was valued at $1,292 million, the second in 1993 for $1,700 million and the third was sold for $5,000 million in 1996.<ref>{{Cite web |url=http://unpan1.un.org/intradoc/groups/public/documents/eropa/unpan001420.pdf |title=Archived copy |access-date=2 November 2013 |archive-date=9 September 2016 |archive-url=https://web.archive.org/web/20160909213215/http://unpan1.un.org/intradoc/groups/public/documents/EROPA/UNPAN001420.pdf |url-status=dead }}</ref> It is a public company, but one of the few such companies in Australia whose official name does not end in 'Limited'.

In 1994 Commonwealth sold its shares in [[National Bank of Solomon Islands]] to [[Bank of Hawaii]]. In 1994, Commonwealth took a 50% share in PT Bank International Indonesia.

On 10 March 2000, the Commonwealth Bank and Colonial Limited announced their intention to merge, with seven Commonwealth Bank shares being offered for twenty Colonial Shares. The merger received final approval from the Supreme Court of Victoria on 31 May 2000 and was completed on 13 June 2000. This brought into the fold Colonial’s stake in [[Colonial National Bank]], the former National Bank of Fiji. The bank also acquired the remaining 25% of [[ASB Bank]].

Asian banking opportunities in 2000, saw the bank acquire full ownership of PT Bank International Indonesia and rename it (PT Bank Commonwealth). This bank now has over 16 branches and has opened several FX shops to cater to Commonwealth Bank clients who are tourists in [[Bali]].

In 2005, the bank established strategic co-operation agreements with two Chinese banks, Jinan City Commercial Bank and [[Hangzhou City Commercial Bank]]; it took an 11% stake in Jinan Commercial, and a 19.9% stake in Hangzhou Commercial. Commonwealth also established a representative office in [[Bangalore]], [[India]].

On 27 January 2006, the bank acquired the remaining 49% stake in Colonial National Bank (Fiji).
[[File:CeBIT Signage and Flags-1460 (cropped).jpg|thumb|263x263px|Tower 1, 201 Sussex Street; headquarters from 2010-2022 and now a secondary head office<ref name=":0" />]]
At the beginning of 2008, Commonwealth Bank opened a branch in [[Ho Chi Minh City]] (Saigon). Then in October, Commonwealth announced that it had purchased [[Bankwest]] and St Andrew's Insurances from their parent company [[HBOS]] for [[Australian dollar|A$]]2.1 billion.<ref>{{cite web|url=http://www.commbank.com.au/about-us/news/media-releases/2008/081008-news-bankwest-acquisition.aspx|title=Commonwealth Bank of Australia to acquire Bank West and St Andrew's|author=Commonwealth Bank|year=2008|access-date=2008-10-09|archive-url=https://web.archive.org/web/20081012083229/http://www.commbank.com.au/about-us/news/media-releases/2008/081008-news-bankwest-acquisition.aspx|archive-date=12 October 2008|url-status=dead}}</ref><ref>{{cite web|url=https://www.bankwest.com.au/about-us/our-journey|title=BankWest and St Andrew's sold to Commonwealth Bank|author=Bank of Western Australia Limited|year=2020|access-date=2020-10-27}}</ref> The acquisition was scheduled to be completed in early 2009, subject to regulatory approval. Lastly, on 24 December, Commonwealth announced that it had, in joint [[partnership]] with [[Aussie Home Loans]], purchased [[Wizard Home Loans]].<ref>{{Cite web|url=http://www.news.com.au/business/story/0,27753,24840570-462,00.html|archive-url=https://web.archive.org/web/20081224164234/http://www.news.com.au/business/story/0%2C27753%2C24840570-462%2C00.html|url-status=dead|title=Aussie Home Loans and Commonwealth Bank to buy Wizard Home Loans|archive-date=24 December 2008}}</ref> As part of the deal, the Commonwealth Bank will acquire Wizard mortgages up to the value of [[Australian dollar|A$]]4 billion. Commonwealth Bank held about 30 percent of the loan business of financial advisory company [[Storm Financial]] when it collapsed in January 2009.<ref name="Osborne1">{{cite news|url=http://news.theage.com.au/breaking-news-business/storm-financial-collapse-plan-outlined-20090810-ef9y.html|title=Storm Financial collapse plan outlined|last=Osborne|first=Paul|date=10 August 2009|work=The Age (Melbourne)|access-date=15 January 2010}}</ref>

In December 2009, Commonwealth sold [[Colonial National Bank]] to [[Bank of South Pacific]].

The bank transferred its [[Automated teller machine|ATM]] service desk from [[HP Enterprise Services]] in [[Adelaide]] to ITS ([[Armaguard]]) in [[Sydney]] in March 2012. The bank will change from [[NCR Corporation|NCR]] and [[Diebold]] ATMs to [[Wincor Nixdorf]] ATMs over the coming years.

The bank is the only financial services organisation to appear in the Dream Employers' top 20 list of preferred employers for 2010 and 2011.<ref>{{cite web|url=http://www.dreamemployers.com.au/dreamemployerawards/|title=The Dream Employers|access-date=2013-02-16|year=2011|publisher=Dream Employers|archive-date=9 April 2013|archive-url=https://web.archive.org/web/20130409122902/http://www.dreamemployers.com.au/dreamemployerawards/|url-status=dead}}</ref>

During the [[Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry]] it was discovered that the Commonwealth Bank had charged dead people for financial advice services.<ref>{{cite news|title=Commonwealth Bank defends 'good decision' not to tell customers about data breach|url=http://www.abc.net.au/news/2018-05-02/commonwealth-bank-confirms-loss-financial-records-20m-customers/9720928|access-date=3 May 2018|work=ABC News|date=2 May 2018|language=en-AU}}</ref> On 9 May 2018, Commonwealth Bank settled an interest rate rigging case brought by [[Australian Securities and Investments Commission|ASIC]] for $25 million. In the settlement, the bank admitted it engaged in "unconscionable conduct" and manipulated the bank bill swap rate five times between February and June 2012.<ref>{{Cite news|url=http://www.abc.net.au/news/2018-05-09/cba-and-asic-to-settle-rate-rigging-case/9742152|title=Commonwealth Bank and ASIC to settle interest rate-rigging case|date=9 May 2018|work=ABC News|access-date=9 May 2018|language=en-AU}}</ref>

On 16 November 2023, the bank announced divestment of PT Bank Commonwealth to [[Bank OCBC NISP]].<ref>{{cite web | url=https://www.commbank.com.au/articles/newsroom/2023/11/pt-bank-commonwealth.html | title=Divestment of PT Bank Commonwealth }}</ref>