September 22, 2014 6:37 PM ET

Banks

Company Overview of ANZ Bank New Zealand Limited

Company Overview

ANZ Bank New Zealand Limited provides banking and financial solutions in New Zealand. The company operates through four segments: Retail, Commercial, Wealth, and Institutional. It offers personal banking products, including savings accounts, term deposits, and everyday accounts; credit cards; home and mortgage loans; personal, tertiary, graduate, and car loans; and insurance products. The company also provides investing, retirement, and financial planning advisory services; private banking services; and travel and foreign exchange services. In addition, it offers business banking products and services, such as savings, everyday, and professional accounts; revolving credit facilities, busines...

ANZ Centre

Ground Floor

23-29 Albert Street

Auckland,  1010

New Zealand

Founded in 1979

Phone:

64 9 252 6507

Fax:

64 9 252 6026

Key Executives for ANZ Bank New Zealand Limited

Chief Executive Officer and Executive Director
Age: 50
Chief Financial Officer
Age: 44
Non-Executive Director
Age: 58
Chief Executive Officer of Australia
Age: 58
Deputy Chief Executive Officer
Age: 68
Compensation as of Fiscal Year 2014.

ANZ Bank New Zealand Limited Key Developments

ANZ Bank New Zealand Limited Announces Unaudited Group Earnings Results for the Six Months Ended March 31, 2014

ANZ Bank New Zealand Limited announced unaudited group earnings results for the six months ended March 31, 2014. For the period, the company reported interest income of $2,998 million compared to $2,991 million a year ago. Net interest income was $1,354 million compared to $1,292 million a year ago. Operating income was $1,876 million compared to $1,713 million a year ago. Profit before income tax was $1,191 million compared to $900 million a year ago. Profit after income tax was $867 million compared to $661 million a year ago. Net cash flows provided by operating activities was $168 million compared to $2,016 million a year ago.

ANZ Bank New Zealand Limited Reports Unaudited Earnings Results for the First Quarter Ended December 31, 2013; Announces Impairment of Total Assets

ANZ Bank New Zealand Limited reported unaudited earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported interest income of NZD 1,501 million compared to NZD 1,512 million for the same period a year ago. Net interest income of NZD 681 million compared to NZD 651 million for the same period a year ago. Operating income was NZD 904 million compared to NZD 851 million for the same period a year ago. Profit before provision for credit impairment and income tax was NZD 532 million compared to NZD 453 million for the same period a year ago. Profit before income tax was NZD 553 million compared to NZD 411 million for the same period a year ago. Profit after income tax was NZD 400 million compared to NZD 300 million for the same period a year ago. Net cash flows provided by operating activities was NZD 2,593 million compared to net cash used in operating activities of NZD 3,666 million for the same period a year ago. For the quarter, the company reported total impaired assets of NZD 811 million compared to NZD 1,273 million for the same period a year ago.

ANZ Bank New Zealand Limited Announces Appointment of Nigel Williams as Alternate Director

ANZ Bank New Zealand Limited announced that ANZ NZ Director, Mike Smith, has appointed Nigel Williams as his Alternate Director. The appointment is effective from and has been approved by the Reserve Bank of New Zealand. Mr. Williams is Chief Risk Officer for the Australia and New Zealand Banking Group Limited and former Managing Director, Institutional, Australia. Prior to joining ANZ in Australia he worked for ANZ National Bank of New Zealand and Southpac in New Zealand.

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