The Commonwealth Bank is the second largest bank in Australia after the National Australia Bank (nab). Commonwealth Bank, Commbank or CBA as it is commonly known as operates internationally with businesses in New Zealand, Asia and the United Kingdom. Commonwealth Bank was founded in 1911 by the Andrew Fisher Labour Government. Unlike any other financial institutions in Australia, it was the first and only bank in Australia to receive a Federal Government guarantee which provided security for the Bank to carry out both savings and general bank trading business. The Bank became a public company in 1991 and underwent three stages of privatisation until 1996. The Commonwealth Bank brand has grown to become one of the best recognised in the financial services industry. Their other award-winning brands include Colonial First State investments and retail broker Commonwealth Securities (Com Sec). The Bank has positioned itself for future growth as it continues to provide a full range commercial and of retail banking services including home loans, credit cards, personal loans, term deposits, transaction accounts and car insurance.