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Australia and New Zealand Banking Group Ltd ANZ Stock Quote

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Morningstar‘s Stock Analysis ANZ

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ANZ Bank Looks to Suncorp Bank Acquisition for Additional Scale in Retail Banking

Nathan Zaia Senior Equity Analyst

Business Strategy and Outlook

| Nathan Zaia |

ANZ Bank is the smallest of Australia's four major banks by market value and the largest bank in New Zealand and the Pacific, offering a full range of banking and financial services to the consumer, small business, and corporate sectors. Like the other major banks, ANZ Bank has a well-recognised and trusted bank brand, large advertising and marketing budget, and customer fulfilment capacity (branches, systems, funding capacity) to capitalise on this brand equity. We see the firm’s strategy to simplify and focus on its highly profitable core banking operations as logical. The proposed acquisition of Suncorp Bank came as a surprise but provides an avenue to leverage benefits of recent investment in its retail banking platform. Integration risk can not be ignored, but overall we believe the acquisition makes strategic sense.

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Key Statistics ANZ

Company Profile ANZ

Business Description

ANZ Bank is one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasised, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalised and a simpler bank.

Contact
833 Collins Street, Level 9, ANZ Centre
Melbourne, VIC, 3008, Australia
T +61 392735555
Industry Banks - Diversified
Most Recent Earnings
Fiscal Year End Sep 30, 2022
Employees 7,431