31 Oct 2014
ANZ CEO Mike Smith walks through the full year result
Andrew Cornell |
Mike Smith walks through the components of ANZ’s September year result, across geographies, operations and outlook.
3 Nov 2014
More ANZ gains ahead in core Australian market
ANZ is bullish on the prospects for further growth in its Australian business and remains confident of a pickup in business banking, according to Phil Chronican, the CEO of ANZ in Australia.
"I think we’ve got a fair amount of time ahead of us where we can continue these sorts of gains."
Speaking to BlueNotes on video, Chronican says ANZ will be sticking to the same central strategy it has been running for years but with more intensity of focus.
“We’re in our fifth year of market share gains in the home loan market,” he says. “[We have] strong customer satisfaction and improving customer complaint levels.
“All of the things that we’ve been trying to do to get our business working right are starting to come to fruition. I think we’ve got a fair amount of time ahead of us where we can continue these sorts of gains.”
Chronican also addressed the bank’s frustration toward the business lending sector, which ANZ has been hoping for some time would pick up. Several external economic factors continue to keep confidence in the industry low.
“We know that the business sector is lowly geared,” he says. “So they can borrow more. We know that they have a lot of ideas. But it’s that confidence, that willingness to go out and make the investment that has been weak.”
Chronican says it is likely businesses are waiting for the global economic and political environment to calm down enough so they can make that commitment.
“We think that’s happening,” he says. “We’re pretty confident that we’re going see it in 2015. But it’s something we’ve been waiting for a long time.”
Chronican also talks about the importance of customer satisfaction and the banks prospects in small business lending.
Watch the video above to find out more.
View more videos on ANZs annual result:
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
editor's picks
02 Nov 2014
Strong capital generation and growth sustainable
Shayne Elliott |
A five year record of peer-beating performance on revenue, expenses and cash profits – with less reliance on lower bad debts – demonstrates ongoing momentum according to ANZ chief financial officer Shayne Elliott.
03 Nov 2014
More opportunity ahead for ANZ on productivity
Alistair Currie |
ANZ’s investment in its regional operations is beginning to pay dividends after the business delivered strong cost-to-income and productivity results in 2014, according to ANZ Group chief operating officer Alistair Currie.
03 Nov 2014
Room for more global ANZ growth: Géczy
Andrew Geczy |
The strength of ANZ’s recent profit result was underpinned by a solid performance from its outperforming international business but the head of that division says it still has plenty of room to grow.