ANZ Institutional backs customers in FY21

ANZ Institutional has continued its market-leading support for its customers in 2021, as the economy began to emerge from the COVID-related downturn into a new era of growth.

ANZ Institutional reported a cash profit of $A1.9 billion in the year ended September 30 2021, contributing to a group cash profit of $A6.2 billion.

ANZ GE, Institutional, Mark Whelan said while financial performance was important, it was just one indicator of the division’s overall position.

 “What is more important over the long term is the sustainability of our business,” he said. “We create value for shareholders, customers and our people by building the leading institutional bank in the region.”

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ANZ CEO Shayne Elliott told ANZ’s bluenotes the bank’s institutional division had a “very strong year”.

“What we’re seeing there is increasing customer activity,” he said. “As the world emerges out of COVID into the newer economy, there’s lots and lots of activity – M&A activity is up, more trade volume, more capital flow. So we’re well positioned on that front.”

Costs

Disciplined expense management within ANZ Institutional saw the division record its 11th consecutive half of absolute cost reduction.

Elsewhere, ANZ participated in 81 sustainable finance deals in the year to September 30, with a total deal size of $A119 billion.

The bank is ranked number one in environmental, social and governmental (ESG) finance in Australia and New Zealand, according to the 2021 Peter Lee Associated Large Corporate and Institutional Relationship Banking Surveys in Australia and New Zealand (customers using ESG).

ANZ Institutional’s technological prowess also grew, as New Payments Platform transactions processed by ANZ for other banks increased 112 per cent, year on year.

Additionally, the bank recorded a 24 per cent increase in payments made by customers through its digital payments platform.

ANZ Institutional maintained its number-one position in Peter Lee results in Australia and New Zealand in 2021, and the same position for relationship quality in Asia, according to Greenwich.