ANZ
- AUSTRALIAN AND NEW ZEALAND BAKING GROUP LIMITED
Australia
and New Zealand Banking Group Limited
Type Public (ASX: ANZ)
Founded 1835
Headquarters Melbourne, Australia
Key people John McFarlane, CEO - SOON TO BE MICHAEL
SMITH SEPT
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
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.
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.
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
The 50s to 60s
An ANZ newspaper ad from 1957.1951: 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
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
The
Bank of Adelaide was founded in 1865 in Adelaide,
the capital of South Australia. It was incorporated
by an act of the Parliament of South Australia.
It was taken over in 1979 by ANZ, and merged into
that organisation, after bailing out a subsidiary
finance company (the Finance Corporation of Australia)
that had lent too much to people without the security
to cover the loans. It should not to be confused
with the Adelaide Bank, a totally separate bank.
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
The 90s
ANZ World Headquarters. Affectionately known as
Gotham City due to its architecture. Queen Street,
Melbourne.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
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
The
National Bank of New Zealand (NBNZ) is one of New
Zealand's largest banks. It is a wholly owned subsidiary
of the Melbourne-based Australia and New Zealand
Banking Group Limited (ANZ). Throughout much of
its history, the National Bank has provided banking
services to mainly rural, personal, and small business
customers.
1872:
NBNZ was founded in London as an overseas bank and
shared many directors with Lloyds Bank.
1872: NBNZ Established branches in Wellington, Auckland,
and Christchurch and acquired 13 branches from ailing
Bank of Otago (1863-73).
1873: The National Bank of New Zealand (Ltd) Act
gave NBNZ the right to issue banknotes redeemable
(in specie or gold).
1919: Lloyds Bank acquired a small interest in NBNZ.
1966: Lloyds Bank purchased NBNZ outright.
1969: NBNZ established a branch in Rarotonga, Cook
Islands.
1978: NBNZ moved its head office from London to
Wellington.
1986: NBNZ sold its banking license in Rarotonga
to European Pacific Banking Co.
1987: NBNZ acquired Southpac Investment Management
Limited
1992: NBNZ purchased The Rural Bank Limited, the
former New Zealand Government owned bank from Fletcher
Challenge
1998: NBNZ purchased Countrywide Banking Corporation
from Bank of Scotland.
2003: ANZ purchased NBNZ from Lloyds TSB.
2005: Chief Executive Sir John Anderson retired.
He had been Chief Executive of the National Bank
since its acquisition of the Rural Bank and was
head of the ANZ-National Bank's New Zealand operations.
The National Bank's distinctive Black Horse logo
dates back to 1677 London when Humphrey Stockes
adopted it as sign for his shop. Stokes was a goldsmith
and 'keeper of the running cashes', an early term
for banker. When Lloyds Bank took over the site
in 1884 it retained the horse as its symbol. The
Black Horse became the symbol of the National Bank
of New Zealand in 1978 when the bank transferred
its Head Office from London to New Zealand. When
ANZ bought NBNZ, it also bought the right to continue
to use the Black Horse logo for seven years.
2006: New world headquarters announced for Melbourne
Docklands
Organizational Structure of the bank
Personal 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
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.
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.
