ANZ Loans
ANZ is the fourth largest bank in Australia and a significant international banking and financial services group. It first opened as the Bank of Australasia in Sydney in 1835 and in 1838 in Melbourne.
Among the bank’s management group are CEO Michael Smith (former CEO of HSBC) and CFO Peter Marriot who was appointed to his current position in July 1997.
Apart from operations throughout Australia and New Zealand, ANZ is also one of the leading banks in the South Pacific as well as Asia, having expanded aggressively into the emerging economies of Indonesia, Vietnam and China.
The Bank’s headquarters are located in Melbourne, Australia and the institution currently employs around 37,000 people worldwide catering to more than six million customers in personal banking, small business, corporate, institutional and asset Loans.
ANZ is a publicly listed company and was incorporated in Australia July 14 1977. It has 376, 813 shareholders and its shares and related securities are listed on the Australian and New Zealand Exchanges.
The Bank has assets of AUD$ 471.02 billion and operates in more than 30 countries across Australasia, the pacific region, Europe, The United States and Asia.
On 29 April 2009, the company announced an underlying revenue of $ 7,040 million and an underlying profit of $ 1,908 million, up 20% on the preceding period (up 4% on the prior comparable period) for the half-year ended on 31 March 2009.
The proposed interim dividend is 46 cents per ordinary share, fully franked.
Over the last four years ANZ has seen its net interest income increase steadily from $ 3,231 million in September 05 to $ 4,822 million up to March 2009.
ANZ’ service range includes various Loans products catering to personal, small business and corporate needs.
On a personal banking level, the bank offers among other products:
- Residential investment loans (including variable and fixed rate loans, introductory rate loans in addition to specific features such as interest-in-advance and mortgage offset accounts)
- Personal loans (to Loans home renovations, household goods etc.)
- Car loans (financing a vehicle using the car as security0
- Graduate loans (Loans for final year students & recent graduates)
- ‘ANZ Assured’ (attaching a small credit limit to an account)
- Insurance (property, travel, credit card, loan protection, car f. ex.)
In terms of small business Loans products, ANZ’ spectrum entails:
- Business transaction accounts (tailored for various monthly numbers of transactions, interest bearing accounts etc.)
- Business investment accounts (accessible funds generating differing interests based on amounts invested etc.)
- Business Loans (short-term or long-term loans and Loans solution to aid in developing of new or expanding businesses.
- Business credit cards (offering a range of rewards and interest rates)
Additionally ANZ offers diverse Loans products for corporate interests such as:
Financing (Cash flow, loans, trade etc.)
Transaction Services (E-solutions, accounts & structuring, credit cards, EFTPOS products)
Investing (Investment accounts, managed funds & structured investment products)
International Services and FX (Trade Loans, foreign exchange, risk management and hedging products for importing and exporting)