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ANZ 2009 Annual Result (PDF 152kB)

Australia and New Zealand Banking Group Limited (ANZ) today announced an underlying profit for the year ended 30 September 2009 of $3,772 million up 10% on the prior year.



Group - Strong underlying business performance


  • Revenue up 17%. Costs up 12% including costs associated with expansion in the Asia Pacific Region, remediation and growth in Institutional and Group transformation.

  • Underlying EPS decreased 4%. A 16% increase in the weighted average number of shares coupled with reduced statutory profit led to a reduction in statutory EPS of 23%.

  • Net Interest Margin2 up 16 bps with higher funding costs partially offsetting improvements in asset margins.

  • Customer deposit growth up 14%, net loans and advances flat (FX adjusted) with growth in the Retail book offset by a decrease in the Institutional book.


Business Units - Good performance from Australia, strong growth in Asia Pacific, challenging conditions impact New Zealand, Institutional income up significantly


  • Australia region profit up 13% - strong contributions from Retail (up 13%) and Institutional (up just over 100%).

  • The Asia Pacific Europe & Americas (APEA) region profit up 81% - strong contributions from Asia Partnerships and Institutional.

  • New Zealand region profit decreased 34% - good contribution from Institutional, challenging economic conditions impacted margins in Retail and Commercial and drove higher provisions.

  • Institutional division profit up 82% - income up 37% driven largely by Global Markets business.


Credit – Strong provision coverage, growth in impaired loans slowing.


  • Total credit impairment charge up 46% to $3,056 million. Increases across all regions but highest percentage growth in New Zealand.

  • Collective provision coverage ratio3 1.31%. Total provisions coverage ratio 1.97%.

  • Gross impaired loans $4,392 million; rate of growth slowed in the second half.

  • Significant reduction in the credit charge related to the credit intermediation trades in the second half.


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