ANZ has been named ‘Domestic Bank of the Year’ in International Financing Review’s Asia Awards 2014, in recognition of its support of clients across the Asia-Pacific region and beyond.
The award reflects the successful roll-out of ANZ’s Super Regional Strategy, according to IFR, which writes that the bank “…connected clients across Asia Pacific, delivering an enviable line-up of cross-border financings that highlighted its understanding of regional capital flows. It brought Australian borrowers to Asia, and led the pack in a record year for the Kangaroo bond market.
“More impressively, however, it moved beyond its home markets and went far beyond vanilla products. It registered its best year to date in US dollar bond issues from Asia Pacific, ranking ahead of any other bank headquartered in the region,” it continues.
ANZ was also selected as IFR’s ‘Australia/ New Zealand Bond House of the Year’, for its dominant position in both Australian and New Zealand dollar fixed income issuance and bringing new companies to these markets – including debut deals for ABN AMRO, Korea National Oil Corp and Glencore.
“ANZ was at the forefront of this trend, leading Australian dollar issuance and doing more than any other arranger to connect international issuers with Australasian investors,” comments IFR.
Andrew Géczy, CEO of International and Institutional Banking at ANZ, said: “We are delighted that both the strategic expansion of our Asian network and strength in our home markets have been recognised with these prestigious awards. We have developed a unique footprint, strength in our core products and are able to support our clients in all the major trade corridors of this fast growing region.”
The magazine highlights the high calibre of senior executives recruited in the last year and notes the expansion of ANZ’s branch network in India, as well as its inclusion as one of the few western banks to be awarded a preliminary banking licence in Myanmar.