Ann: FLLYR: ANB: Focussed ANZ New Zealand lifts performance

• Release Date: 31/10/14 10:00
• Summary: FLLYR: ANB: Focussed ANZ New Zealand lifts performance
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					ANB
31/10/2014 10:00
FLLYR

REL: 1000 HRS ANZ Bank New Zealand Limited

FLLYR: ANB: Focussed ANZ New Zealand lifts performance

Continued benefits from its brand and systems merger and improvements in the
economy have underpinned a strong financial performance for ANZ New
Zealand(1), the bank said in announcing its 2014 full year results today.

Australia and New Zealand Banking Group Limited (ANZ) 2014 full year results
show a lift in performance for ANZ New Zealand, with a cash profit(2) of
NZ$1.68 billion, up from $1.43 billion in the previous year, driven by market
share growth in lending and deposits, cost productivity and credit quality
improvements.

Statutory profit was NZ$1.71 billion, up from $1.37 billion.

ANZ New Zealand Chief Executive Officer David Hisco said: "We have continued
to reduce duplicated costs and build a simpler, more productive business
following our National Bank and ANZ brand merger in late 2012.

"The changes have enabled us to have more local specialists in more places
across New Zealand than any other bank, including opening branches in nine
new communities since 2012. This scale has seen ANZ become market leader in
all the main centres of New Zealand, particularly the growth cities of
Auckland and Christchurch.

"We have grown market share in home loans, cards, KiwiSaver and commercial
lending. We have lifted brand consideration to No 1 among New Zealand's major
banks, meaning we are top of mind among consumers as we build New Zealand's
best bank. This has been driven off the back of a highly engaged workforce
with staff engagement at a record high."

For additional details, refer to the attached information for ANZ and ANZ New
Zealand.

(1) ANZ New Zealand represents all of ANZ's operations in New Zealand,
including ANZ Bank New Zealand Limited, its parent  company ANZ Holdings (New
Zealand) Limited and the New Zealand branch of ANZ.

(2) Statutory profit has been adjusted to exclude non-core items to arrive at
cash profit, the result for the ongoing business activities of ANZ New
Zealand.  All comparisons in Key Points are on a cash profit basis and relate
to the preceding year unless otherwise stated. Refer to Summary of Key
Financial Information for details of reconciling items between cash profit
and statutory profit.

For media enquiries contact:
Pete Barnao
Communications Manager, Media
Tel: +64-9-252 6623 or +64-27-277 3139
Email: [email protected]
End CA:00257060 For:ANB    Type:FLLYR      Time:2014-10-31 10:00:31