Investor Analysts Pack
Underlying business performing well
Australia & New Zealand volumes and margins
Group portfolio
Australian - Consumer portfolio
New Zealand - Consumer portfolio
Capital and funding
APS 330 Pillar 3 December quarterly disclosures
Calculation of Credit Risk on Derivatives charge for Credit Intermediation trades
Structured Credit intermediation trade
Underlying business performing well
Underlying business performing well – cash earnings for FY09 expected to be around FY08 levels despite difficult environment
Asia Pacific division up strongly, good revenue trends in Institutional driven by markets business, Australian income and margin trends positive
Income growth up 16% on pcp (FX adjusted), increased Group Net Interest Margin, expense growth up 14% (FX adjusted) on pcp largely driven by one off costs (5%), growth in Asia Pacific (4%) and remediation work in Institutional
Roadmap set in early 2008 to strengthen the balance sheet via increased tier one capital, significant liquidity and adequate provisioning has positioned ANZ well to deal with the new market reality
Australia & New Zealand volumes and margins
Australia* Overview
Strong YTD customer deposit growth, with new customer deposits broadly in line with new lending
Australia and Institutional divisions NIM benefiting from repricing, partially offset by increased deposit competition
New Zealand* Overview
Difficult conditions continue leading to a decline in growth in both lending and deposit volumes.
Higher cost of funds, deposit competition and prepayments negatively impacting margins