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ANZ Reports Record Earnings as Leadership Transition Begins

The bank posts $10.99 billion in revenue and $3.64 billion in profit, driven by Suncorp Bank integration, while Shayne Elliott prepares to hand over to Nuno Matos.

A view shows the Australia & New Zealand Banking Group Ltd. (ANZ) logo at their headquarters in Melbourne, Australia, March 24, 2025. REUTERS/Hollie Adams/File Photo
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A person holds an iPhone with the banking apps for ANZ, Commonwealth Bank, NAB and Westpac open.

Overview

  • ANZ achieved record half-year revenues of $10.99 billion and net profits of $3.64 billion for the period ending March 31, 2025, exceeding market expectations.
  • The results reflect the first full inclusion of Suncorp Bank’s earnings following its $4.5 billion acquisition in July 2024.
  • Outgoing CEO Shayne Elliott emphasized the bank’s resilience and readiness to navigate global trade volatility as he transitions leadership to Nuno Matos.
  • ANZ declared an interim dividend of 83 cents per share and reported growth in gross loans and customer deposits, which rose by 2% and 6% respectively.
  • The Australian Prudential Regulation Authority increased ANZ’s capital buffer by $250 million due to governance concerns, highlighting ongoing regulatory scrutiny.