Each Commonwealth Bank of Australia (CBA) American depositary receipt represents one ordinary share. The ADRs trade on the over-the-counter market under the symbol ‘CMWAY’. CBA’s ordinary shares trade on the Australian Securities Exchange under the symbol ‘CBA’.
Commonwealth Bank of Australia provides financial services, including retail, business and institutional banking, superannuation, life insurance, general insurance, funds management, brokering services and finance company activities. CBA’s principal activities consist of retail banking services, premium business services, wealth management, and international financial services.
Warwick Bryant, executive general manager of investor relations at CBA, said: Since 1993, The Bank of New York Mellon has acted as depositary for our 144A depositary receipt program that makes available restricted securities to qualified institutional buyers. We have been so pleased with their expertise and superior level of service that when we decided to establish an over-the-counter depositary receipt program, The Bank of New York Mellon was the logical choice.
