ANZ (bank)

Australia and New Zealand Banking Group Limited
Company typePublic
Industry
PredecessorBank of Australasia
Union Bank of Australia
ES&A Bank
Founded2 October 1951; 73 years ago (1951-10-02) (ANZ Bank)
16 January 1969; 55 years ago (1969-01-16) (ANZ Group)
1 October 1970; 54 years ago (1970-10-01) (ANZ Group Merger)
Headquarters833 Collins Street, Melbourne, Victoria, Australia
Area served
Worldwide
Key people
ProductsFinance and insurance, consumer banking, corporate banking, private banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards
Increase A$20.89 billion (2023)[1]
Increase A$7.40 billion (2023)[1]
Total assetsIncrease A$1.10 trillion (2023)[1]
Total equityIncrease A$70.04 billion (2023)[1]
Number of employees
40,342 (2023)[1]
Subsidiaries
Websitewww.anz.com.au Edit this at Wikidata

The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It’s Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.[2]

Its current corporate entity was established on 1 October 1970, when the Australia and New Zealand Bank (ANZ) merged with the English, Scottish & Australian Bank (ES&A).[3] It was the largest bank merger in Australian history at the time.[3][4] The Australia and New Zealand Bank had in turn been founded in 1951 as a merger of the Bank of Australasia and the Union Bank of Australia, which were established in 1835 and 1837 respectively. ANZ is one of the Big Four Australian banks, along with the Commonwealth Bank, National Australia Bank and Westpac.

Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand, where the legal entity became known as ANZ National Bank in 2003 and changed to ANZ Bank New Zealand in 2012. From 2003 to 2012, it operated two brands in New Zealand, ANZ and the National Bank of New Zealand. The National Bank brand was retired in 2012, with a number of branches closing and others converting to ANZ branches.[5] In addition to operations throughout Australia and New Zealand, ANZ also operates in 34 other countries.[6]

ANZ together with its subsidiaries has a workforce of around 40,000 employees and serves over nine million customers worldwide.[7]

  1. ^ a b c d e "ANZ 2023 Annual Report" (PDF). Australia and New Zealand Banking Group Limited. Retrieved 14 November 2023.
  2. ^ "ASX 200 List / Market Capitalisation Accurate on: 1 October 2017". ASX 200. Australian Securities Exchange. 26 October 2017. Retrieved 26 October 2017.
  3. ^ a b "50 years as a brand, 185 as a bank". Australia and New Zealand Banking Group Limited. Retrieved 8 November 2021.
  4. ^ "Faith in The Future". South Coast Times & Wollongong Argus. NSW: National Library of Australia. 8 February 1954. p. 23 Supplement: ROYAL VISIT SUPPLEMENT. Retrieved 12 July 2014.
  5. ^ "ANZ still finalising National Bank closures". 3news.co.nz. 3 News NZ. 10 October 2013. Archived from the original on 2 November 2013. Retrieved 10 October 2013.
  6. ^ "About ANZ". Australia and New Zealand Banking Group. Archived from the original on 1 February 2018. Retrieved 19 June 2017.
  7. ^ "ANZ 180 Years". Australia and New Zealand Banking Group. Archived from the original on 3 November 2019. Retrieved 3 November 2019.