Dublin, June 23, 2025 (GLOBE NEWSWIRE) -- The "Australia Retail Banking: Competitor Benchmarking" report has been added to ResearchAndMarkets.com's offering.This report benchmarks the largest retail banks in Australia across a range of financial and customer satisfaction metrics. The report analyzes gains/losses in market share, depth of customer relationships, consumer pain points, and key metrics including NPS, cross-selling, and digital satisfaction.The Australian retail banking landscape is undergoing ...

Group 1 - The investment strategy focuses on a long-term, buy-and-hold approach, emphasizing stocks that can sustainably generate high-quality earnings, particularly in the dividend and income sectors [1] - The analysis includes coverage of various US and Canadian stocks, as well as predominantly UK names [1] Group 2 - The analyst has a beneficial long position in the shares of ANZGY, indicating a personal investment interest in the company [2] - The article expresses the author's own opinions without any compensation from companies mentioned, ensuring an independent viewpoint [2]

Core Insights - EXL is hosting a virtual event titled "AI in Action: Australia & New Zealand 2025" aimed at equipping businesses with strategies to harness AI for measurable impact, scheduled for March 20, 2025 [1] - The event will gather leaders and experts from various industries to explore real-world applications of AI technologies, including agentic AI and large language models (LLMs) [2] Group 1: Event Details - The event will feature actionable insights, hands-on demonstrations, and expert discussions to help businesses scale AI and achieve measurable outcomes [3] - The focus will be on inspiring businesses, empowering them with proven AI strategies, and educating them on deploying tailored AI solutions [3] Group 2: Leadership and Vision - Villas Madan, leading EXL in the APAC region, emphasizes the event as a platform for learning and a catalyst for transformative operating models in an AI-driven world [4] - EXL aims to support businesses in moving beyond pilot projects to scalable AI implementations [4] Group 3: EXL Company Overview - EXL is a global data and AI company that provides services to reinvent business models and drive growth, with a workforce of approximately 57,000 employees [6] - The company has a strong track record in AI and data transformation, serving leading corporations across various industries [6] Group 4: Key Topics at the Event - The event will cover how AI enhances operational efficiency, customer experience, and modernizes operating models [7] - It will showcase EXL's LLM framework and the impact of agentic AI and generative AI on decision-making and operations [7] - Real-world success stories will be presented, including EXL's GenAI-powered tool for modernizing legacy code [7]

Financial Data and Key Metrics Changes - The group cash profit for FY '24, excluding one-off accounting adjustments, was $6.92 billion, reflecting strong performance despite a complex year due to the Suncorp Bank acquisition [44][41] - Group revenue increased 19% since FY '21, with profit before provisions up 20% and cash profit up 12% [41][42] - Customer deposits increased 11% year-on-year, with a total customer deposit base now being the second largest among Australian banks [9][43] Business Line Data and Key Metrics Changes - Institutional banking delivered record results with record revenues, profit before provisions, and return on equity [5] - ANZ Plus achieved a 1% share of all retail deposits in Australia and grew its customer base by 84% to nearly 850,000 [6][18] - The Markets business generated a 9% year-on-year increase in total customer revenue, supported by strong volume growth [59] Market Data and Key Metrics Changes - The acquisition of Suncorp Bank has increased scale in both retail and commercial businesses, contributing to a stronger market position [43][44] - ANZ's customer deposit base is now the second largest among major banks in Australia, reflecting competitive strength [43][9] Company Strategy and Development Direction - The company is transitioning to lower-cost adaptable platforms to meet customer and regulatory expectations, focusing on financial well-being and sustainability [7][8] - ANZ aims to decommission old systems by 2027, enhancing operational efficiency and reducing costs [78][85] - The strategic focus includes leveraging AI and advanced analytics to drive competitive advantage and improve customer service [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving synergies from the Suncorp acquisition sooner than anticipated, with a focus on integrating technology and improving customer service [14][72] - The company is committed to addressing non-financial risk management concerns and enhancing overall operational efficiency [34][41] - Future priorities include retaining an engaged culture, delivering strong financials, and driving value from the Suncorp Bank acquisition [33][74] Other Important Information - The final year dividend announced was $0.83 per share, franked at 70%, which is higher than the first half [11] - The company has invested approximately $2.5 billion in technology platforms over the past five years, which is now delivering results [8][41] Q&A Session Summary Question: Consolidation of Plus and Transactive numbers and cost reductions - Management confirmed that the ambition is to achieve lower costs as systems are decommissioned, with expectations for improved cost-to-serve metrics [78][79][81] Question: Impact of migration on revenue and potential attrition - Management indicated that the migration process will be seamless, with minimal attrition expected due to the technology tools in place [90][93]

0:26 FEDERA $2,900 ck a FEDERAL RESERVE res 2025 2 Free 3,995 0:26 $2,900 16 6 FEDERAL RESERVE 825 2025 Haldrer 3,995 AT Neils Christensen Share Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic P ...

Core Insights - The article discusses the demand for gold in India, highlighting significant trends and figures related to the market [1]. Group 1: Gold Demand in India - India has shown a notable demand for gold, with figures indicating a total demand of 25 million units [1]. - The demand has experienced fluctuations, with a reported decrease of 40% in certain periods [1]. - The article emphasizes the importance of understanding the dynamics of gold demand in India, particularly in relation to global trends [1].

Financial Data and Key Metrics Changes - The company reported stable results with revenues flat half-on-half, and cost growth constrained to 1% [39][40] - Return on equity remains strong at 10.1%, or 10.7% when excluding capital for Suncorp [15] - The collective provision balance stands at $4.05 billion, reflecting a low individual provision loss rate of 1 basis point with a charge of $38 million [21][45] Business Line Data and Key Metrics Changes - Institutional revenue grew significantly, with customer revenues in markets increasing by 30% half-on-half, driven by international network growth [6] - The commercial business saw loan growth of 7% year-on-year, marking the strongest period of absolute loan volume growth ever [42] - ANZ Plus home loans are in limited release, with cost to acquire and serve now 45% and 30% below ANZ Classic, respectively [9] Market Data and Key Metrics Changes - Digital payments increased by 7% year-on-year, with NPP agency payments up 20% [10] - The Australian economy remains resilient, with strong household and corporate balance sheets suggesting a hard landing is unlikely [12][36] - International payments grew by 8.5% over the year, highlighting the importance of the company's international network [34] Company Strategy and Development Direction - The company is focused on acquiring Suncorp Bank, with preparations underway to integrate and enhance customer offerings [13][15] - Continued investment in digital transformation, particularly through ANZ Plus, is a strategic priority to enhance customer engagement and operational efficiency [8][9] - The company aims to leverage its diversified portfolio and strong balance sheet to navigate a complicated economic environment [11][13] Management's Comments on Operating Environment and Future Outlook - Management noted that while the global economy has shown resilience, ongoing geopolitical tensions and inflationary pressures remain challenges [11][12] - The company is optimistic about future trends, expecting margin headwinds to moderate and business momentum to support net interest income [47] - Management emphasized the importance of productivity and cost management in offsetting inflationary pressures [20][73] Other Important Information - The company announced a $2 billion on-market share buyback, one of the largest capital management exercises in its history [15] - A dividend of $0.83 per share was declared, partially franked at 65%, reflecting confidence in future performance [22][31] - The company has made significant progress in simplifying its operations, including the sale of a large part of its stake in AmBank, freeing up $668 million of capital [15][31] Q&A Session Summary Question: Clarity on the $500 million APRA overlay and home loan risk intensity - Management is working on the operational risk overlay and engaging with APRA, but no clear timing for release is available [52] - The home loan risk weights have increased, and management is exploring optimization opportunities [78] Question: Cost outlook and potential headwinds - Cost uplifts are expected due to Suncorp integration, but productivity gains are anticipated to offset some inflationary pressures [56][57] Question: Long run loss rates in the institutional business - Management acknowledged an increase in long run loss rates but emphasized improvements in risk-adjusted margins [62] Question: Competitive landscape and Suncorp Bank acquisition - Management remains confident in the value of the Suncorp acquisition, focusing on the deposit base rather than just the home loan book [92] Question: Provisioning balances and potential adjustments - Management indicated that current provision levels are prudent, with potential for adjustments as economic conditions normalize [95][97]

Financial Data and Key Metrics Changes - Statutory profit increased by 16% year-on-year, while cash profit rose by 5% year-on-year and 9% in the second half [6][60] - Common equity Tier 1 ratio stood at 12.3%, with return on equity up 47 basis points to 10.4% [6][102] - Underlying profit before provisions increased by 20% in the second half, marking the highest half-on-half increase in over a decade [6][62] Business Line Data and Key Metrics Changes - Australian home loans saw restored momentum, with approval times aligning with peers and a focus on risk-adjusted margins [9][65] - Commercial division revenue grew by 20% in the second half, the highest among all divisions, with cash profit up 15% [25][67] - Institutional business experienced a 10% revenue growth, driven by strong corporate finance results and increased transaction volumes [66][78] Market Data and Key Metrics Changes - ANZ maintained industry-leading positions in New Zealand across key segments, with a diversified and well-managed business [30] - Total Australian household debt, net of liquid assets, is around zero, the lowest in 15 years, indicating strong underlying health [39] - Average loan size for small business customers increased by about a third, reflecting the need for working capital [41] Company Strategy and Development Direction - The company is focused on restoring momentum in home loans, launching ANZ Plus, and disciplined growth in institutional and commercial sectors [9][54] - ANZ Plus is positioned as a new bank with a focus on improving customer financial well-being, with deposits growing rapidly [12][17] - The acquisition of Suncorp Bank is aimed at enhancing presence in Queensland, with integration planning already underway [49][50] Management's Comments on Operating Environment and Future Outlook - The management acknowledged significant uncertainty in the economic environment, including inflation and geopolitical tensions, but noted that customers are entering this period in strong shape [35][38] - Despite economic risks, the company is well-prepared for challenges ahead, with a focus on maintaining strong customer engagement and productivity [55][56] - The management emphasized the importance of data analysis for proactive intervention in customer support during periods of stress [44][45] Other Important Information - The company completed the formal separation of its wealth business, enhancing its risk profile [33][34] - Investment spend increased to almost $2.2 billion, with a focus on growth and simplification initiatives [84][86] - The collective provision balance increased by approximately $100 million half-on-half, reflecting prudent risk management [92][94] Q&A Session Summary Question: Thoughts on NIM leverage going forward - Management indicated that benefits from rate hikes will be reasonably well proportioned between Australian and international exposures, with a larger shift expected in Australian dollar rates [110][112] Question: Drivers of expected expense growth in FY '23 - Management highlighted inflationary pressures on salary and vendor costs, alongside the impact of exiting the wealth business and ongoing investments in technology [113][119] Question: Changes in term deposit rates - Management explained that the increase in term deposit rates was a dynamic response to market conditions and funding needs, with a diversified deposit base allowing for flexibility [125][128]

Financial Data and Key Metrics Changes - Cash profit increased by 4% compared to the first half of the previous year but decreased by 3% half-on-half [10] - Return on equity (ROE) was reported at 10%, with a proposed dividend of AUD0.72 per share fully franked [11] - Common equity Tier 1 (CET1) ratio stood at 11.5%, indicating strong capitalization [11] - Total capital return to shareholders over the past five years reached AUD5.5 billion [11] Business Line Data and Key Metrics Changes - Institutional customer revenues grew significantly, with risk-adjusted lending margins increasing [24][62] - Australian home loan processing improved, with a modest growth in volume and a 30% increase in processing capacity [26][60] - New Zealand business showed growth across all lines, with home loan volumes up 7% and risk-adjusted margins improving by four basis points [74] Market Data and Key Metrics Changes - The institutional business experienced a revenue increase of 5% half-on-half, with strong lending momentum and a focus on profitable customers [62] - The markets revenue decreased to AUD812 million, but customer franchise revenue in core FX and commodities increased by 23% [65] Company Strategy and Development Direction - The company aims to build a group with four strong franchises, focusing on sustainable long-term growth and financial well-being [30][29] - ANZ Plus, a new retail banking platform, is being developed to improve customer financial well-being and drive market share growth [34] - The company is transitioning to a non-operating holding company structure to enhance agility and unlock shareholder value [37][39] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about returning to growth in home loans and the overall economic recovery [9][90] - There are expectations of margin expansion in a higher interest rate environment, although competition remains a significant factor [90][106] - The company is focused on long-term investments and maintaining a disciplined approach to risk management [93][88] Other Important Information - The company has released AUD371 million from collective provisions, reflecting an improved credit risk profile [82] - The capital management strategy remains a priority, with a 64% dividend payout ratio maintained [85] Q&A Session Summary Question: Guidance on expenses and margins - Management acknowledged the difficulty in providing fixed targets for expenses due to changing market conditions and inflation [100][102] Question: Mortgage book performance and ANZx platform readiness - Management confirmed that the mortgage book has seen growth but acknowledged the need for improved processing capacity, which has increased by 30% [120]

2021 FULL YEAR RESULTS FULL YEAR ENDED 30 SEPTEMBER 2021 RESULTS PRESENTATION AND INVESTOR DISCUSSION PACK 28 OCTOBER 2021 Approved for distribution by ANZ's Continuous Disclosure Committee Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522 DISCLAIMER & IMPORTANT NOTICE 1 The material in this presentation is general background information about ANZ's activities current as at the date of the presentation. It is information given in summar ...