Essay on Anz Bank

142097 Words Sep 1st, 2015 569 Pages
2014 ANNUAL REPORT

Australia and New Zealand Banking Group Limited ABN 11 005 357 522
This Annual Report (Report) has been prepared for Australia and New Zealand Banking Group Limited (“the Company”) together with its subsidiaries which are variously described as: ”ANZ”, “Group”, “ANZ Group”, “the Bank”, “us”, “we” or “our”.

ANZ ANNUAL REPORT 2014

ANZ IS EXECUTING A FOCUSED STRATEGY
TO BUILD THE BEST CONNECTED, MOST RESPECTED
BANK ACROSS THE ASIA PACIFIC REGION

WHO WE ARE AND HOW WE OPERATE
ANZ’s history of expansion and growth stretches over 175 years. We have a strong franchise in Retail, Commercial and Institutional banking in our home markets of Australia and
New Zealand and we have been operating in Asia Pacific
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ANZ’s aspiration is to have 25 to 30% of ANZ Group profit after tax (including network revenues) sourced from Asia Pacific,
Europe and America, by 2017. ANZ has made good progress towards this goal.

Achievements and progress during 2014
We are building stronger positions in our home markets of Australia and New Zealand, led by productivity and market share gains in Retail and Commercial and improved penetration of Wealth products into our existing customer base.

In International and Institutional Banking (IIB), profit from Asia increased 25% and revenue 10%. Revenue has consistently grown at double digit rates with a cumulative annual growth rate over the last 5 years of 23%. The Division’s revenue mix has diversified substantially over the past five years with more significant contributions emerging from more capital efficient products like Foreign Exchange, Trade and Cash Management and Debt Capital Markets.
Our Operations and Technology functions are helping ANZ build economies of scale, increase our speed to market and strengthen the operating risk control environment for the business.
The Group’s regional delivery centres provide full service regional coverage across our operating time zones helping to drive lower unit costs, improve quality and lower risk.
Our business risk profile improved, with a continuing shift to investment-grade clients and shorter tenor Trade Finance, and greater earnings diversification across products

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