Anz Group Holdings Limited · ASX:ANZ
Anz — Australia and New Zealand Banking Group — Investor Day (June 2015)
74 slides from Anz's investor day presentation, Jun 4, 2015
Slide 1: ANZ Investor Day, Auckland
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015
Slide 2: Agenda
Agenda 8:35am WELCOME Slides For personal use only 8:50am ANZ New Zealand 3 8:50am CEO Presentation 9:10am CFO Presentation 9:20am CEO panel session 10:00am Retail, Business Banking & Wealth 25 10:00am Retail, Business Banking & Wealth presentation 10:15am Retail, Business Banking & Wealth panel ses
Slide 3: New Zealand Update - David Hisco
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 New Zealand Update David Hisco CHIEF EXECUTIVE OFFICER, NEW ZEALAND & GLOBAL HEAD OF RETAIL
Slide 4: NZ Market Characteristics
For personal use only NZ MARKET CHARACTERISTICS 4
Slide 5: New Zealand's market characteristics
New Zealand’s market characteristics 86% of NZ population earn <$70k p.a.1 Positive migration impact on population For personal use only Earnings by Income brackets (NZ$) Population forecast: 5m by 2030, aided by migration 6% $100K+ Persons, 12 month total (k) 8% $70-$100K 140 13% PLT Arrivals $50-$
Slide 6: Our Strategy & Performance
For personal use only OUR STRATEGY & PERFORMANCE 6
Slide 7: 2010 – position prior to the brand integration
2010 – position prior to the 2 brand integration Cost to Income Return on Assets Revenue and FTE1 Staff Engagement For personal use only NZ$m 48% $4,200 20,000 $3,700 18,000 $3,227 16,000 $3,200 14,000 $2,700 12,000 0.71% 9,298 $2,200 10,000 64% $1,700 8,000 6,000 $1,200 4,000 $700 2,000 $200 - FY10
Slide 8: Clear strategy established to drive growth and return
Clear strategy established to drive growth and return ANZ New Zealand’s Strategy – Strong Core market of ANZ For personal use only Simplify Operate as Attract, develop Improve data Develop products one business, and retain world analytics for digital and and easier for class service and better custo
Slide 9: Creating scale: case study from Hawke's Bay
Creating scale The power of one: Case study from Hawke’s Bay Leveraging scale 2011 2015 For personal use only • 2 Brands • 1 Brand • 2 Core systems • 1 Core system • 2 Cultures • 1 Culture • 6 Senior management staff • 2 Senior management staff • 16 Branches • 10 Branches • 87% coverage • 87% covera
Slide 10: Well positioned for growth and sustainability
Creating scale Well positioned for growth and sustainability Leveraging scale 2011 2015 For personal use only Makes banking Makes banking simple simple 50% Provides 50% Provides banking Has good banking Has good 40% services across advertising services across advertising 40% Asia Pacific Asia Pacifi
Slide 11: Disciplined integration
Creating scale Disciplined integration Leveraging scale Ex-National Bank customers are now Focused on the customer considering1 ANZ for their next purchase For personal use only • Maintained the faces How? • Increased branch coverage 80% • One team Minimised • • One customer impact set of systems 60
Slide 12: Building a world class business
Creating scale Building a world class business Leveraging scale Optimising the network Leveraging Group capabilities For personal use only • Expanding coverage NZ operational volume and cost outcomes from How? Hubs and simplification • Increasing frontline sales roles 10% 8% 8% • One team Investing
Slide 13: Focused on key product offerings
Creating scale Focused on key product offerings Leveraging scale Household For personal use only Mortgages1 Credit Cards1 Life Insurance2 KiwiSaver3 Deposits1 +53 bps +148 bps flat +58 bps +199 bps 30.6% 30.6% 26.7% 31.2% 29.7% 31.0% 28.9% 25.8% 28.4% 30.6% 24.7% 27.4% 9.6% 9.4% 9.0% Mar-13 Mar-14 M
Slide 14: Outcomes
Creating scale Outcomes Leveraging scale Cost to Income Return on Assets Revenue and FTE1 Staff Engagement For personal use only NZ$m 48% $4,200 $3,762 20,000 78% 1.29% $3,700 18,000 $3,227 16,000 $3,200 14,000 $2,700 12,000 0.71% 9,298 39% $2,200 10,000 64% 7,782 $1,700 8,000 6,000 $1,200 4,000 $70
Slide 15: Results achieved without compromising quality
Creating scale Results achieved without compromising quality Leveraging scale Portfolio exposure at default (EAD)1 Net impaired asset position1 For personal use only NZ$m Wholesale Other Agri, Forestry, 1,685 Trade 16% Fishing Retail Trade 2% 14% 2% 1,169 Manufacturing 3% 883 Government 594 Institut
Slide 16: Path to New Zealand's Best Bank
NZ’s best bank Path to New Zealand’s Best Bank New Zealand’s best bank For personal use only • Best brand consideration • Best staff engagement Vision: • ‘Helping Kiwis achieve more’ • Best service recognition Goal: • Integrated channels • #1 Service • #1 Market Share • Leveraging Group capabilities
Slide 17: Our Business
For personal use only OUR BUSINESS 17
Slide 18: New Zealand's contribution to the ANZ Group
New Zealand’s contribution to the ANZ Group Financial progress since strategy launched in 2010 (NZ$m): For personal use only Revenue Costs NPAT Lending1 Deposits1 4% CAGR -1% CAGR 17% CAGR 2% CAGR 6% CAGR 109,031 3,762 1,682 105,485 1,544 1,464 80,338 3,227 76,355 96,074 1,931 884 841 59,743 739 FY1
Slide 19: New Zealand's contribution by business
New Zealand’s contribution by business Revenue NPAT Lending1 Deposits1 For personal use only NZ$m NZ$m NZ$b NZ$b 2,000 3,900 120 120 0% 3,400 17% 1,700 7% 0% 7% 100 2% 100 2% 19% 8% 19% 10% 15% 2,900 1% 15% 1,400 5% 8% 11% 80 80 20% 2,400 19% 17% 10% 19% 18% 15% 1,100 11% 7% 1% 60 60 7% 1% 1,900 19%
Slide 20: Summary
Summary Clear strategy For personal use only • Developed a clear strategy: creating & leveraging scale to drive growth and return • Transformed the business from 2 subscale very differently positioned businesses to clear #1 market position • #1 brand strength across the major banks translating to po
Slide 21: New Zealand Update - Antonia Watson
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 New Zealand Update Antonia Watson CHIEF FINANCIAL OFFICER, NEW ZEALAND
Slide 22: Delivering stable low-risk annuity returns
Delivering stable low-risk annuity returns Leveraging our scale to deliver value1 Strong high quality returns For personal use only NZ$b 150 NLA 300 Branches NZ$m FY102 FY14 1H15 100 200 Income 3,227 3,762 1,931 50 100 Expenses 1,544 1,464 739 0 0 PBP 1,683 2,298 1,192 ANZ Peer 1 Peer 2 Peer 3 ANZ P
Slide 23: Efficient business and a strong balance sheet
Efficient business and a strong balance sheet Balance sheet strength Well secured loan portfolio For personal use only NZ$b 18.6 19.9 100% Secured 15.0 190% 80-100% Secured 170% 6% 82% 60-80% Secured 161% 150% 3% 130% 1% 40-60% Secured 138% 136% 6% 2% 110% <40% Secured FY10 FY14 1H15 Liquid assets 1
Slide 24: Summary
For personal use only Summary Clear strategy • Clear focus areas that will continue to deliver us further growth • More efficient business focused on maintaining positive jaws • Leveraging our scale to help Kiwis achieve more Delivering to strategy • Succeeding in a core market for the Group • Deliv
Slide 25: Retail, Business Banking and Wealth Presentation
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 Retail, Business Banking and Wealth Presentation Fred Ohlsson MANAGING DIRECTOR, RETAIL AND BUSINESS BANKING John Body MANAGING DIRECTOR, WEALTH NZ
Slide 26: Strategic priorities to deliver Growth and Service
Strategic priorities to deliver Growth and Service For personal use only To be the best Retail and Business Fred Ohlsson Bank in New Zealand by helping Kiwis Managing Director Retail & Business Banking achieve more Andrew Webster, David Graham, Charlie Howe, Rodney King 2 Goals GMs – Auckland, North
Slide 27: Retail & Business Banking – performing well
Retail & Business Banking – performing well Revenue NPAT Lending Deposits For personal use only +4% +6% +5% +12% 58,711 61,917 968 49,834 365 932 343 44,373 1H14 1H15 1H14 1H15 1H14 1H15 1H14 1H15 Revenue1 NPAT1 Lending1 Deposits1 32% 35% 27% 40% 68% 65% 60% 73% Retail Business Banking 1. As at 31 M
Slide 28: Delivering value to customers, progressing towards #1
Delivering value to customers, progressing towards #1 Service Closing our gap to achieve #1 in Service Delivering growth in ‘Tight five’ For personal use only Retail satisfaction1 Business satisfaction2 (6 month rolling average) (4 quarter rolling average) Mortgages 95% 95% • Captured 36% of market
Slide 29: Delivering growth
Delivering growth Retail customer acquisition Business Banking customer acquisition For personal use only CAGR CAGR 18% 15% 82k 3.4k 3.5k 67k 59k 2.6k 1H13 1H14 1H15 1H13 1H14 1H15 Mortgage growth1 Household Deposits growth1 Mortgage FUM growth Mar 14 to Mar 15 Household Deposits FUM growth Mar 14
Slide 30: Growing in priority segments
Growing in priority segments #1 in Auckland and Christchurch1 Small Business customer share3 For personal use only Auckland 43% Share of new home loan registrations 39% 32% 28% 29% 29% 24% 24% Mar-13 Mar-15 1H13 1H15 ANZ Leading peer bank ANZ Leading peer bank Migrants Market Share2 Christchurch Sha
Slide 31: Leveraging scale to optimise the business
Leveraging scale to optimise the business Optimising channels Increasing sales capability For personal use only Improving revenue per branch1 NZ$m Frontline sales staff with authority to make 6.3 86% credit decisions 5.5 4.5 Increased frontline staff training hours; now on track to world’s best pr
Slide 32: Well managed growth
Well managed growth New Zealand house price indices1 ANZ mortgage portfolio well diversified For personal use only 300 Auckland 3% Auckland Rest of NZ 250 Canterbury 12% Wellington 200 41% Christchurch 150 26% Other North Island 100 Other South Island 50 7% 11% Other 0 00 01 02 03 04 05 06 07 08 09
Slide 33: Improving Wealth sales via distribution network – Life Insurance
Improving Wealth sales via distribution network – Life Insurance We’re focusing our distribution efforts in …resulting in more ANZ customers having channels we own and control… a Wealth Solution… For personal use only Sales channel mix for new life insurance business Number of ANZ customers Customer
Slide 34: Improving Wealth sales via distribution network – Kiwisaver
Improving Wealth sales via distribution network – Kiwisaver Holding 1 in 4 KiwiSaver retirement funds, Capturing the largest share of KiwiSaver For personal use only totalling more than $7b in FUM members Kiwisaver members ANZ market share1 ANZ Share of Kiwisaver members1 40.0% 26.7% 30.0% 25.8% 20.
Slide 35: Summary
Summary Clear strategy For personal use only • A clear strategy that is working for us • Leveraging scale and efficiency • A sizeable opportunity for further growth Delivering to strategy • Strong revenue and NPAT performance • Leading our competitors in both lending and deposits • Growing above mar
Slide 36: Commercial and Agri Presentation
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 Commercial and Agri Presentation Graham Turley MANAGING DIRECTOR, COMMERCIAL AND AGRI
Slide 37: Overview – strategic priorities & the team
Overview – strategic priorities & the team Enable NZ businesses to achieve more For personal use only by delivering actionable insights that Graham Turley drive outcomes, providing unrivalled Managing Director market connections and making their Commercial & Agriculture banking easier Mark Hiddlesto
Slide 38: Commercial and Agri Book Composition
Commercial and Agri Book Composition Revenue PBP Lending Deposits For personal use only +7% +10% +6% +7% 334 37,601 11,593 460 304 10,832 428 35,429 1H14 1H15 1H14 1H15 1H14 1H15 1H14 1H15 Revenue1 PBP1 Lending1 Deposits1 12% 12% 6% 14% 11% 33% 55% 34% 54% 43% 51% 75% Commercial Agri UDC 1. As at 31
Slide 39: Delivering growth - Commercial
Delivering growth - Commercial Lending volume Commercial Lending Growth2 For personal use only Relative lending market share1 GLA growth HoH Commercial 4% Market 1.3x 1.8x 3% 3% 3% 2.0x 3% 5.5x 2% 2% 1% ANZ Peer 1 Peer 2 Peer 3 Peer 4 2H13 1H14 2H14 1H15 Contribution to other business units Growth h
Slide 40: Maintaining and growing customer value
Maintaining and growing customer value Insights Exceptional bankers & coverage For personal use only Banker support aligned to customer complexity and value • Insights Hubs & tools Access to New Zealand’s largest team of • Digital delivery product specialists • Super-regional partners Support provid
Slide 41: Investing in key growth areas
Investing in key growth areas Regional growth profile1 Super Regional Growth For personal use only Bay of Plenty 4.8% • Market leading global solutions with global connections available Canterbury 4.4% for customers • This year we are on track to help Auckland 4.3% nearly 200 customers expand into o
Slide 42: Maintaining a balanced portfolio
Maintaining a balanced portfolio Credit Quality – Commercial Diversified portfolio (FUM) (EAD by CCR) For personal use only EAD by grouped credit rating bands (CCR2) Risk Property Services Rating 24% 35% Stronger 38% 38% Dairy Farming 34% Sheep and Beef 12% 58% 58% 58% Manufacturing Other 7% 4% 4% 5
Slide 43: Summary
For personal use only Summary Clear strategy • Creating value for customers, staff and shareholders • Investing in people, tools and process to boost customer service • Retention of our quality customer base is key • In a relationship business, our people are our greatest asset and we’re committed t
Slide 44: Institutional Presentation
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 Institutional Presentation David Green MANAGING DIRECTOR, INSTITUTIONAL NZ
Slide 45: Overview – strategic priorities & the team
For personal use only Overview – strategic priorities & the team Leverage competitive advantage David Green Managing Director to seamlessly connect customers Institutional New Zealand and products across ANZ’s global and domestic franchises Paul Goodwin Head of Institutional Relationships Priorities
Slide 46: Institutional NZ – a diverse business
Institutional NZ – a diverse business Revenue Composition Customer Revenue For personal use only 42% 54% 63% 30% 58% 37% 16% NII OOI Global Markets Global Loans Institutional Customers Transaction Banking Domestic Franchise Customers Global Markets Transaction Banking Global Loans Revenue Revenue Re
Slide 47: Market leader in New Zealand & aligned with IIB Divisions
Market leader in New Zealand & aligned with New Zealand and IIB Divisions For personal use only Institutional NZ Priorities Market leading Leverage scale of Leverage IIB global customer domestic franchise network proposition Connecting More Customers by Grow Trade & FX Grow priority Target cross bor
Slide 48: A broad based market leadership position
A broad based market leadership position #1 in key measures for all four Peter Lee Leading distribution capability supports surveys across Relationship and Products1,2,3 customer funding proposition For personal use only #1 Domestic capital markets league table since 2006 (NZ$b issuance)4 Relationsh
Slide 49: Leveraging scale of the domestic franchise
Leveraging scale of the domestic franchise ANZ Retail & Wealth leveraging Domestic Franchise Penetration Institutional customers For personal use only % of Institutional NZ customer Revenue from ANZ@Work and KiwiSaver Customers non Institutional customers NZ$b Customer #’s 5 40% CAGR 35,000 NZ$m 30,
Slide 50: Well positioned to capture the Super Regional activity
Well positioned to capture the “Super Regional” activity Trade and investments flows across NZ’s key corridors Supporting customers through platforms For personal use only A$b ‘000’s Transactive Trans-Tasman 2,000 120,000 Imports $6bn Exports $8bn Australia 100,000 FDI $56bn ODI $12bn 1,600 80,000 1
Slide 51: Leveraging IIB Global network
Leveraging IIB Global network Cross border payments now make up 25% of Institutional’s total customer revenue Supporting customers through clearing For personal use only NZ$m ANZ leads NZD Clearing with 41% market share 70 10% CAGR 60 Germany UK 60 56 35% 31% 50 50 China 40 61% USA 43% 30 Hong Kong
Slide 52: Global Markets strength – Leveraging Domestic Scale and IIB Global network
Global Markets strength – Leveraging Domestic Scale and IIB Global network >75% of Global Markets revenue is Diversification of customer sales revenue Customer Facing across segments For personal use only NZ$ m NZ$ m Institutional Comm Agri Rest of Bank 200 3 100 80 30% 32% 60 34% 150 26% 19% 20% 40
Slide 53: Seamlessly connect customers across global & domestic networks
Seamlessly connect customers across ANZ’s global & domestic networks with market leading solutions, insights and products For personal use only 53
Slide 54: Summary
Summary Clear strategy For personal use only • Leverage Scale of Domestic Franchise • Leverage IIB Global network • Market leading customer proposition Executing to strategy • Diversified revenue base, delivering growth • Leading broad based market position, connecting customers in New Zealand with
Slide 55: New Zealand Economics Update
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 New Zealand Economics Update Cam Bagrie CHIEF ECONOMIST, NEW ZEALAND
Slide 56: NZ Economic Update
NZ Economic Update The economy continues to perform well. • Growth is solid, employment is buoyant and investment is strong. Migration inflows remain elevated . For personal use only • Some sectors such as tourism continue to perform well despite the restraining influence of the high NZD. • Financia
Slide 57: Still a lot of positives across the economy
Still a lot of positives across the economy GDP vs Confidence Composite – still a Employment growth is strong For personal use only strong feel-good factor 8 8 8 Annual % change 6 6 6 Annual % change 4 4 Standardised 2 2 4 0 0 2 -2 -2 0 -4 -4 90 92 94 96 98 00 02 04 06 08 10 12 14 -2 GDP (LHS) -4 AN
Slide 58: Risks to manage and be mindful of
Risks to manage and be mindful of Dairy prices have tumbled Financial conditions in China have For personal use only tightened of late driven by falling property prices 6,000 13 85 5,000 12 90 Annual % change 4,000 11 USD/MT 10 95 Index 3,000 9 2,000 8 100 1,000 7 105 6 0 5 110 04 05 06 07 08 09 10
Slide 59: Key thematics: solid growth, building boom
Key thematics: solid growth, building boom but restrained consumer & inflation to rise gradually Still solid growth for New Zealand Canterbury vs Fiscal Stance: No “hole” For personal use only looming 8 0.8% less rebuild Assumed Multipliers 0.6% impetus +0.75 Spending growth (annualised) Contributio
Slide 60: Appendix
For personal use only ANZ Investor Day Auckland, New Zealand AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED Thursday, 4 June 2015 APPENDIX
Slide 61: Creating New Zealand's best bank
Creating New Zealand’s best bank ANZ Group Strategy For personal use only Built on common infra- Strengthen our Connecting customers structure & enterprise STRONG to faster growing PROFITABLE position in our core focus for greater ENTERPRISE CORE regional capital, ASIAN m a r k e ts o f A u s t r a
Slide 62: Creating a more efficient, higher return business
Creating a more efficient, higher return business Create Scale Leverage Scale Scale advantage 2010 - 2013 2013-2016 2017 For personal use only 2010 (FY10) 2015 (1H15) 2017 Core systems 2 1 1 Brands 2 1 1 ANZ brand consideration1 27% 44% Market leading Staff engagement2 64% 78% Best practice Branches
Slide 63: Auckland
Auckland Net Migration for Auckland1 House Prices2 For personal use only 300 60,000 Rest of NZ Auckland 50,000 250 40,000 200 30,000 150 New 20,000 Zealand 100 10,000 50 Australia - 2013 2014 2015 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 Arrivals Departures Source: REINZ, ANZ Auckland Home
Slide 64: 1H15 Financials
For personal use only 1H15 FINANCIALS 64
Slide 65: NZ Geography Profit and Loss
NZ Geography Profit and Loss NZ$m Growth % Revenue and Expenses 1H15 PCP1 For personal use only NZ$m Income 1,931 1.4% Expenses 739 1.9% 1,931 PBP 1,192 1.1% 1,904 2YR 1,760 Provisions 31 large CAGR NPAT 841 (5.2%) 4.7% NZ Division 767 725 739 Income 1,437 5.6% -1.8% Expenses 576 2.5% Institutional
Slide 66: NZ Geography Balance Sheet
NZ Geography Balance Sheet Net loans, Deposits and NIM1 Lending composition For personal use only NZ$b NZ$b 109 2.7% 98 103 3.5 3.3 3.4 80 2.6% 15.7 16.1 69 74 15.8 22.5 24.9 2.5% 21.7 LDR 141% LDR 138% LDR 136% 2.4% 57.1 61.0 64.4 2.3% 1H13 1H14 1H15 Mar 13 Mar 14 Mar 15 Lending Deposits NIM (RHS)
Slide 67: NZ Division Profit and Loss
NZ Division Profit and Loss Revenue and Expenses NZ$m Growth % For personal use only 1H15 PCP NZ$m Income 1,437 5.6% Expenses 576 2.5% 1,437 PBP 861 7.8% 1,319 1,361 2YR CAGR Provisions 20 large NPAT 605 0.7% 4.4% Retail & SBB 596 562 576 Income 968 3.9% Expenses 440 1.4% -1.7% PBP 528 6.0% CommAgri
Slide 68: NZ Division Balance Sheet
NZ Division Balance Sheet Net loans, Deposits and NIM Lending composition For personal use only NZ$b NZ$b 2.7% 94 100 89 3.3 2.6% 3.0 3.2 15.7 16.1 61 15.8 55 15.7 17.4 52 2.5% 14.7 LDR 173% LDR 171% LDR 162% 2.4% 56.0 59.6 62.7 2.3% 1H13 1H14 1H15 Mar 13 Mar 14 Mar 15 Lending Deposits NIM (RHS) Hom
Slide 69: NZ Home Loans
NZ Home Loans Home Loan Market Share1 #1 in Auckland and Christchurch2 For personal use only Share of total home Share of total home 31.0% 31.2% 30.6% loan registrations in loan registrations in Auckland Christchurch 29% 30% 30% 29% 28% 26% 28% 25% 1H13 1H15 1H13 1H15 Mar 13 Mar 14 Mar 15 ANZ Leadin
Slide 70: Risk Management
For personal use only RISK MANAGEMENT 70
Slide 71: New Zealand net impaired assets and provision charge
New Zealand NZ Geography net impaired assets NZ Geography total provision charge For personal use only NZ$m NZ$m Net Impaired Assets 200 105 85 1,685 103 NIA as % GLA (RHS) 150 99 100 44 22 30 50 (39) 31 0 1,307 -50 1,169 -100 1H11 2H11 1H12 2H12 1H13 2H13 1H14 2H14 1H15 991 IP Charge CP Charge 1.74
Slide 72: New Zealand mortgages portfolio
New Zealand mortgages portfolio 1H15 portfolio statistics Dynamic loan to valuation ratio For personal use only Total Number of Mortgage Accounts 494k 6% Total Mortgage FUM (NZD) $64b 8% 0-60% % of Total New Zealand Lending 59% 61-70% 19% 49% 71-80% % of Total Group Lending1 11% 81-90% Owner Occupie
Slide 73: Property, Resources & Agri portfolio – NZ position relative to ANZ Group
Property, Resources & Agri portfolio – NZ position relative to ANZ Group Commercial Property outstandings1 Group Agriculture EAD splits For personal use only AUD$b 34.4 33.9 35.5 30.6 32.0 4.6 4.5 4.1 Australia 4.0 4.1 61% 23.1 38% New Zealand 21.2 21.8 23.0 22.9 Int Markets 5.4 6.1 6.9 6.9 7.8 Mar
Slide 74: Disclaimer
For personal use only The material in this presentation is general background information about the Bank’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or p
Australia and New Zealand Banking Group — Investor Day (June 2015) on 6ix