Completion of Suncorp Bank Acquisition
ANZ completed the purchase of Suncorp Bank, which is performing better than expected. This acquisition has significantly increased ANZ's customer deposit base, making it the second largest among Australian banks.
Institutional Segment Record Performance
ANZ's Institutional segment delivered another record result with industry-leading platform Transactive, achieving record revenues, profit before provisions, and return on equity.
ANZ Plus Growth
ANZ Plus achieved 1% share of all retail deposits in Australia within two years and is already home to nearly one in five of ANZ's active Australian retail customers, showing strong engagement and lower acquisition costs.
Strong Revenue and Lending Growth
Customer deposits increased 11% year-on-year, and lending grew with a step-up of $102 billion in gross lending assets, a 15% FX-adjusted increase.
Improved Capital Efficiency
Capital efficiency programs released around $30 billion of risk-weighted assets, contributing to improved financial metrics and shareholder returns.