Thursday 29th October 2020 |
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ANZ Chief Executive Shayne Elliott said: “We could never have forecast 2020, a year that started with devastating bushfires in Australia and unwound with the waves of a pandemic that continues today. While we still cannot predict its course, we remain confident we can deal with its impacts.
“As a bank, we entered 2020 in robust condition. We have a strong balance sheet with record levels of capital and liquidity as well as provisions for potential future losses. We want our customers to know we will continue to do all we can to support them through the tough times.
“In Australia, we achieved strong growth in our targeted home loan segments with above system growth in the owner-occupier market. Deposits remained strong as customers took a sensible approach to managing their household balance sheets. We also saw an accelerated shift away from the use of cash and we introduced new processes to help many customers move to online banking
See the links below for more details:
ANZ Full Year Results, Dividend Announcement & Appendix 4E
ANZ 2020 Full Year Result – News Release
ANZ 2020 Full Year Results Investor Discussion Pack
Source: Australia and New Zealand Banking Group Limited
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