Commonwealth Bank of Australia (ASX:CBA) is an ASX-listed Australian bank that offers banking, financial, and other related services. Through its subsidiary, ASB, Commonwealth Bank of Australia (ASX:CBA) primarily provides retail and commercial banking services in Australia and New Zealand to over 15 million people. The services provided by the bank are divided into two sections. Housing loans, credit cards, personal loans, and personal overdrafts are all sub-segments of the retail management segment. It also applies to the majority of non-retail lending if the total credit exposure to a group of connected borrowers is under one million dollars. Commonwealth Bank of Australia's (ASX:CBA) second risk-rating segment includes non-retail exposures, such as bank and sovereign exposures. Based on the Probability of Default (PD) and Loss Given Default (LGD), each exposure is awarded an internal Credit Risk-Rating (CRR).  Commonwealth Bank of Australia (ASX:CBA) stated in its 2022 annual report that its banking businesses continued to perform well and recorded growth in home lending and  business lending. The 2022 annual report added that the bank also registered growth in deposits through customer focused execution. The bank’s volume growth boosted operating income and compensated for lower home loan margins.