Elliott said the rise in loans - as well as a reduction in risk-weighted institutional assets - had come in line with the bank’s strategy.
“Those two things are really helping reposition ANZ and are primarily the reasons that we’re driving good capital generation again in the quarter,” he said.
Elliott said he was comfortable with the bank’s capital options and welcomed further regulatory certainty.
Addressing ongoing coverage around public trust in banks, he said it would take some time – perhaps a number of years – before trust is re-earned.
“The good news is actually the industry is totally united in doing the right thing,” Elliott said. “We also recognise that in itself is not enough either. It’s a bit transformation project.”
He also touched on costs, credit quality and margins. Watch the video to find out more.
ANZ's Q3, in charts