ANZ 2010 Full Year Result
ANZ today announced an underlying profit1 for the full year ended 30 September 2010 of $5.0 billion up 33% on the previous year. Statutory profit for the full year was $4.5 billion up 53%.
The proposed final dividend of 74 cents per share is 32% higher than 2009, bringing the total dividend to 126 cents per share.
ANZ Chief Executive Officer Mike Smith said: "ANZ now has momentum in every area of our business and our 47,000 staff are delivering good outcomes for shareholders while also performing for our customers and the community.
"Three years after announcing our super regional ambitions, we are increasingly distinguished by our geographic diversification which focuses on the world’s best performing economies and the increasing linkages that our personal and corporate customers have with the region.
“We’ve also established the experience and capability throughout the bank to take advantage of growth opportunities and to deliver on our super regional strategy.
"In Australia, we are ranked number one for retail customer satisfaction and have gained market share in key segments. In Institutional, we were rated number one for ‘lead domestic bank relationships’ in Australia and in New Zealand we were named Bank of the Year by the Institute of Finance Professionals. We were also named the leading sustainable bank globally by the Dow Jones Sustainability Index for the fourth consecutive year.
“Our balance sheet management remains a strength. We have a strong capital position and increasing diversity in our sources of funding. Significantly, continued deposit growth has seen the Group’s loan to customer deposit ratio fall to 140% compared to 166% in 2007. We’ve also continued to deliver well-managed margin outcomes in a highly competitive environment.
“Having weathered the global financial crisis, it’s pleasing to start putting some serious runs on the board. ANZ is a more predictable organisation for shareholders and a better place for our customers to do business,” Mr Smith said.