ANZ Group Holdings Limited

Financial Results

• ANZ has reported a statutory PAT for the full year ended of $6,535 Mn, reflecting a decline of 8% on the prior year. Its cash profit stood at $6,725 Mn or $6,921 Mn when excluding $196 Mn of Suncorp Bank one-off acquisition accounting adjustments.
• ANZ’s performance demonstrated the benefits of the simplification agenda together with the targeted investments in the core banking businesses.
• With respect to NZ, there was a moderate balance sheet growth with lending up 3% and deposits up 3%, despite the tough economic conditions.

Key Update

ANZ has confirmed that it has entered into a court enforceable undertaking (EU) with the Australian Prudential Regulation Authority (or APRA) for matters associated with the non-financial risk management practices and risk culture throughout the Group, which includes an additional operational risk capital overlay of $250 Mn (equivalent to 5 bps of Common Equity Tier 1 capital). While APRA recognised that the bank has a significant agenda of non-financial risk work underway and has made some progress, ANZ recognises that it has more work to do to uplift the management of non-financial risk and to improve risk culture.

ANZ has been taking a number of immediate actions in response to the Oliver Wyman report and EU, which include the appointment of senior executives to strengthen non-financial risk management practices and risk culture throughout the Group. The actions include 1) the creation of a new Executive role Group Head, Non-Financial Risk Program Delivery reporting to the CEO, 2) The appointment of Dan Wong to Group General Manager Operational Risk, reporting to CRO Kevin Corbally, and 3) Board would need Group Executive Institutional, Mark Whelan, to oversee the implementation of the 19 recommendations as well as 53 sub recommendations of the Oliver Wyman review.

Key Risks

The global economic slowdown, inflationary concerns, etc. are some of the risks.

Stock Information

The last traded price of the stock was NZD 28.810 per share, down by 3.97% as on 11^th April 2025.

Technical Chart:

ANZ Daily Technical Chart, Data Source: REFINITIV

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, and technical indicators is April 11, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

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Technical Indicators Defined: -

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Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.