Australia and New Zealand Banking Group
From Wikipedia, the free encyclopedia
| Australia and New Zealand Banking Group Limited | |
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| Type | Public (ASX:ANZ) |
|---|---|
| Founded | 1835 |
| Headquarters |  Melbourne, Australia |
| Key people | John McFarlane, CEO Charles Goode, Chairman |
| Industry | Banking and Finance |
| Products | Transaction Accounts Insurance Stock brokerage Investment bank Asset-based lending Consumer finance Trade International Payments Foreign Exchange Credit Cards |
| Revenue | $10 billion AUD |
| Net income | $3.7 billion AUD |
| Employees | 32,256 full time equivalent [1] |
| Slogan | More Convenient Banking, That's ANZ NOW |
| Website | www.anz.com |
The Australia and New Zealand Banking Group Limited (Australia and New Zealand Banking Group Limited; ASX: ANZ, NZX: ANZ, NYSE: ANZ), commonly called ANZ, is the third largest bank in Australia, after the National Australia Bank and the Commonwealth Bank. Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand (where the legal entity became known as ANZ National Bank Limited in 2004).
In addition to operations throughout Australia and New Zealand, ANZ also extends itself to twenty-five other nations. It is one of the leading banks in the South Pacific and in Asia. [2]
ANZ posted a net profit of A$3.69 billion for the year ended September 30, 2006. ANZ recorded revenue growth of 8.4 per cent in the year ended September 30, with group operating revenue of A$10.15 billion and assets of $335 billion. [1]
Contents |
[edit] History
[edit] The 1800s
- 1835: ANZ began in London when The Bank of Australasia was established under Royal Charter
- 1837:The Union Bank of Australia was established. This was an Anglo-Australian bank
- 1852: The English, Scottish and Australian Bank (ES&A) was established in 1852. This was an Anglo-Australian bank
[edit] The 50s to 60s
- 1951: The Bank of Australasia merges with the Union Bank of Australia to form ANZ Bank
- 1966: Starts operations in Honiara, Solomon Islands
- 1968: Opens office in New York, USA
- 1969: Establishes representative office in Tokyo, Japan
[edit] The 70s
- 1970: In what was then the largest merger in Australian banking history, ANZ merged with the English, Scottish and Australian Bank Limited to form the present organisation, Australia and New Zealand Banking Group Limited
- Starts operations in Vanuatu
- 1971: Opens representative office in Malaysia
- 1976: ANZ (PNG) established
- 1977: ANZ incorporated in Australia (transfer from UK)
- 1979: Acquires the Bank of Adelaide
[edit] The 80s
- 1980: Singapore and New York representative offices upgraded to branch status
- 1984: Purchases Grindlays Bank
- 1985:
- Acquires Barclays’ operations in Fiji and Vanuatu
- Receives full commercial banking licence and opens branch in Frankfurt, Germany
- Announces ANZ Singapore Limited
- Opens representative office in Bangkok, Thailand
- 1988:
- Opens branch in Rarotonga, Cook Islands
- Opens branch office in Paris, France
- 1989: Purchases PostBank from New Zealand Government
[edit] The 90s
- 1990:
- Acquires National Mutual Royal Bank Limited
- Acquires Lloyds’ operations in Papua New Guinea
- Acquires Bank of New Zealand’s operations in Fiji
- Acquires Town and Country Building Society in Western Australia
- 1991:
- Acquires 75 per cent of Bank of Western Samoa
- Opens representative office in the Philippines
- 1993:
- New world headquarters built in Melbourne, Australia
- Joint venture established with PT Panin Bank, Indonesia
- Opens a branch in Hanoi and a representative office in Ho Chi Minh City, Vietnam
- Opens a branch in Shanghai and a representative office in Guangzhou, China
- Starts operations in Tonga
- Sold Canadian operations to HSBC Bank Canada
- 1995:
- Opens a commercial banking branch in Manila, Philippines, the first Australian and New Zealand bank to do so
- 1996:
- www.anz.com launched
- ANZ opens its second Vietnamese branch at Ho Chi Minh City
- 1997:
- John McFarlane appointed Chief Executive Officer
- ANZ Phone Banking launched
- Official opening of Beijing branch, China
- Bank of Western Samoa changes its name to ANZ Bank (Samoa)
- 1998: Acquires stake in PT Panin Bank, Indonesia
- 1999:
- ANZ Internet Banking launched
- ANZ announces strategic alliance with E*Trade Australia for online share trading service
- Purchases Amerika Samoa Bank
[edit] The 00s
- 2000:
- ANZ sells its Grindlays businesses in the Middle East and South Asia, and associated Grindlays Private Banking business, to Standard Chartered
- Granted local currency (Renminbi) licence from the People’s Bank of China
- 2001:
- Acquires 75 per cent of Bank of Kiribati
- ANZ Timor Leste opens
- Establishes cards business in Hong Kong
- 2002:
- Forms joint venture with ING Group for funds management and life insurance business in Australia and New Zealand
- One millionth customer registers for ANZ Internet Banking in Australia
- 2003: Acquires National Bank of New Zealand.
- 2006: New world headquarters announced for Melbourne Docklands
[edit] Organizational Structure of the bank
Personal Banking
- Retail Banking
- Regional & Rural Banking
- Banking Products
- Mortgages
- Consumer Finance
- Investment & Insurance Products
- Small Business
- Pacific
- Esanda
Institutional Banking
- Client Relationship Group
- Corporate & Structured Finance
- Markets
- Debt & Transaction Services
- Corporate Banking
- Business Banking
- Asia
- Economics@ANZ
- Operations & Shared Services
New Zealand division
- ANZ New Zealand
- The National Bank
Other Business units
- International Partnerships
- ING Australia
- Private Bank
Shared Services
- Technology
- Payments
- Shared Services
- Operational & Technology Risk
- Property
- OTSS India
Corporate Centre
- Group Financial Management
- Internal Audit
- Corporate Communications
- Group Corporate Affairs
- People Capital and Breakout
- Risk Management
- Group Strategic Development
[edit] Asia-Pacific
ANZ is one of the leading Australian bank in the Asia-Pacific region. It has been aggressive in its expansion into the emerging markets of China, Vietnam, and Indonesia.
In March 2005, it formed a strategic alliance with Vietnam's Sacombank involving an acquisition of 10% of Sacombank’s share capital. As part of the strategic alliance, ANZ will provide technical assistance in the areas of risk management and retail and small business banking.
ANZ has followed a similar strategy in China, where it acquired a 20% share in Tianjin City Commercial Bank in July 2006. It is also expected to complete a similar deal with Shanghai Rural Commercial Bank by December 2006.
[edit] Community involvement
ANZ is involved in Community Services such as conducting financial literacy to minor and adult citizens of Australia.
The organisation also participates in the Australian Government's Greenhouse Challenge and the Carbon Disclosure Project which aims to greatly trim down environmental perils in the long run.
[edit] Advertising
- in 2005 a well-known advertisement included two famous robots: Lost in Space robot, and a Dalek from Doctor Who
In 2006 the company started a very successful tv campaign with a series of medium-sell ads featuring their new mascot - the Falcon. A bird trained to stop credit card thieves illustrating the company's measures in prevention of phishing. This campaign according to the review by Sydney's A Current Affair program was mentioned as one of the most popular new ads of the year.
