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Home » Top Banks of Australia » Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited, which is abbreviated as ANZ, offers international banking and financial services to clients in Americas, Australia, Asia, and Europe. According to the rank, Australia and New Zealand Banking Group Limited is third among the other largest banks in Australia. It is just behind the National Australia Bank and Commonwealth Bank of Australia. The bank offers Australian and New Zealand customers a full range of traditional banking services, including mortgage, lending and deposit products, through more than 1,200 branches. It is also a leading credit card issuer in Australia. Through its subsidiaries, ANZ provides annuities, financial advisory, investment management, and insurance. Its Private Bank division offers asset management and investment services to wealthy individuals. More than 30,000 people are employed in this bank

Australia and New Zealand Banking Group Limited was established in 1970. It is located at Victoria, Melbourne. The bank formed as a joint venture of the English, Scottish and Australian Bank Ltd and the Australia and New Zealand Bank Ltd. From that period onwards, the bank has been expanding its operation in Australia and abroad. It has either purchased outright or gained a controlling interest in several overseas banks.

The bank gained its goodwill in banking sector for several reasons. Its strengths are:

Strong business position in core geographic markets
Strong asset quality by international standards
Very strong track record of profitability
Well-established risk-management capabilities

This site provides a short detail of Australia and New Zealand Banking Group Limited:

Company Type - Public
Fiscal Year - End September
2006 Sales (mil.) - $18,906.0
1-Year Sales Growth - 18.5%
2006 Net Income (mil.) - $2,731.1
1-Year Net Income Growth -13.2%
2006 Employees - 32,256
1-Year Employee Growth - 4.1%


In May 2001, Australia and New Zealand Banking Group Limited announced the largest profit ever recorded by an Australian bank.

For more information on the various banks of Australia, keep browsing worldbankshub.com

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