ANZ Posts 2021 Full-Year Financial Results with Statutory Profit up 72%

Australia & New Zealand Banking Group (ANZ) has released its full-year financial results for 2021, unveiling that its all parts of the business made a positive contribution while successfully navigating the continuing impacts of COVID-19 on customers and people. The group’s full-year statutory profit reached $A6,162 million, increasing by 72%.

The bank’s capital position was stronger with a Common Equity Tier 1 capital ratio of 12.3%. This capital strength and ANZ’s underlying profitability enabled a final dividend of A72 cents per share fully franked.

The cash profit enjoyed an increase of 65% to $A6.20 billion. However, the revenue stood at $A 17.45 billion, down 2%. In terms of the divisional results, the revenues of the Australia Retail and Commercial, New Zealand and Institutional departments were $A3.62 billion, $A1.51 billion and $A1.89 billion, respectively, up 55%, 48%, and 2%. Return on equity rose 9.9%, up 376bps.

In addition, its NZ home loans boomed by 11%. And since the launch of ANZ GoBiz, an online business loans solution, in May 2021, 2,900 new clients adopted the new offering per month.

In September, Fazzaco reported that ANZ Group Share Investing client base​ would be transitioned to CMC Markets. The deal involves the transition of over 500,000 ANZ Share Investing clients, with total assets in excess of AUD 45 billion.