Commonwealth Bank (CommBank) is one of the leading banks in Australia. CommBank operates as a universal bank, offering retail, private, corporate and investment banking products and services.
Commonwealth Bank of Australia has Category B banking license number 80015 issued by the Cayman Islands Monetary Authority. This type of license allows Commonwealth Bank of Australia to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Commonwealth Bank of Australia failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Commonwealth Bank of Australia failure its depositors will not be paid out any compensation.
Commonwealth Bank of Australia operates under the brand name Comm Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries: