The Business Times

Australia and New Zealand Banking Group

Global Enterprise

ANZ mulls up to 5,000 job cuts in bank revamp: report

ANZ, Australia’s fourth-largest bank in terms of market value, reported a growth of A$19 billion (S$15.9 billion) in customer deposits in the third quarter.
Banking & Finance

ANZ reports third-quarter rise in deposits, loans

ANZ Group said cash profit was A$3.57 billion (S$3 billion) for the six months ended March 31, compared with A$3.55 billion a year earlier and the Visible Alpha consensus estimate of A$3.54 billion.
Companies & Markets

ANZ’s H1 cash earnings largely flat, margins stay pressured

In a move underscoring persistent regulatory concerns about ANZ’s risk management practices, the Australian Prudential Regulation Authority had previously mandated a A$500 million operational risk capital add-on for the bank in 2019.
Banking & Finance

Australian regulator increases capital add-on requirement for ANZ to A$750 million

Profit for ANZ's retail division, one of the biggest profit generators for the bank, plunged 25 per cent during the first half to A$794 million as high-interest rates and a competitive home loan market weighed it down.
Banking & Finance

ANZ announces A$2 billion buyback despite lower cash earnings

ANZ’s new operation will mainly focus on serving the bank’s global clients to raise dollar funds given it’s located in the Gift special economic zone.
Banking & Finance

ANZ aims to open operation at India’s Gift special economic zone

“Right now there is still an enormous demand for our services in mainland China,” ANZ CEO Shayne Elliott says.
Banking & Finance

ANZ CEO looks for India, China growth as customer focus shifts

The settlement of the sale is expected to take place on Mar 8.
ASEAN Business

Australia’s ANZ sells 16.5% interest in Malaysian lender AmBank for RM2.1 billion

The Australian Competition and Consumer Commission had rejected the deal in August after ANZ had attempted to buy Suncorp’s bank in 2022 as part of plans to expand its retail banking franchise.
Banking & Finance

ANZ’s A$4.9 billion Suncorp deal to progress after court win

FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. Picture taken October 25, 2017. REUTERS/Steven Saphore/File Photo
Companies & Markets

Aussie lender ANZ loses case over troubled 2015 share placement worth A$2.5 billion

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