ANZ has reported a statutory profit after tax of $3,642 million for the half-year ending March 31, 2025. This represents a 16% increase compared to the previous half. The bank's cash profit stood at $3,568 million, marking a 12% rise. ANZ's Common Equity Tier 1 Ratio was recorded at 11.8%, with a cash return on equity of 10.2%. An interim dividend of 83 cents per share has been proposed, partially franked at 70%.
ANZ Chief Executive Officer Shayne Elliott attributed the strong performance to "continued momentum across each of our divisions," emphasizing the benefits of their strategy and targeted investments. Elliott highlighted record half-year revenues and noted the inclusion of Suncorp Bank's earnings as a significant factor.
As Elliott prepares to hand over leadership to incoming CEO Nuno Matos, he expressed confidence in ANZ's future positioning due to its strong balance sheet and diversified portfolio. He also mentioned that ANZ Plus reached one million customers in March, with deposits exceeding $20 billion.
Suncorp Bank showed robust performance compared to regional peers, benefiting from joint scale for faster growth and better returns. Cost synergies have been realized earlier than expected since its acquisition.
Elliott acknowledged ongoing global uncertainty but stressed that ANZ's strong balance sheet would help navigate volatility while supporting customers. He noted low credit losses of only four basis points during this period.
Elliott stated that work is underway to strengthen non-financial risk management practices across the bank. Despite challenges faced by some customers due to interest rate changes, households generally remain resilient in Australia and New Zealand.
Reflecting on his tenure as CEO, Elliott remarked on achievements such as returning about $48 billion to shareholders and improving various aspects of the bank's operations and culture.
The total credit impairment charge for the first half was $145 million, consisting of a collectively assessed provision release of $14 million and an individually assessed provision charge of $159 million.
ANZ's capital position remains robust with a CET1 Ratio of 11.8%. The board has proposed an interim dividend partially franked at 70%. Additionally, ANZ has completed part of its previously announced share buyback program and plans to extend it by another year due to increased global uncertainty.
For further information or interviews with executives like Shayne Elliott, interested parties can visit anz.com.au/bluenotes or contact media representatives Lachlan McNaughton or Alexandra Cooper.