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ANZ Institutional supports customers in FY22

ANZ Insights

2022-10-27 00:00

ANZ Institutional has continued its market-leading support for its customers in 2022, particularly in the areas of sustainability and digital platforms.

The institutional bank reported a 2 per cent rise in revenue, year on year, despite difficult conditions including the conflict in Europe.

The broader ANZ group announced a 5 per cent rise in cash profit in the year to September 30 of $A6.515 billion.

CEO Shayne Elliott said ANZ Institutional remains a well-managed and lower risk business.

“We also continued to innovate in our approach to digital assets, executing the first ever Australian-bank issued Australian dollar stablecoin,” he said.

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ANZ Institutional continued to support its customers in their transition to net-zero carbon in 2022, participating in 127 sustainable finance transactions, up from 81 deals the year prior.

The institutional bank recorded strong growth in the volume of agency payments it processes for other groups using ANZ’s infrastructure, which rose 85 per cent, year on year.

It also saw a 52 per cent lift in total digital payment transactions, and efforts to make banking easier drove a reduction in customer effort and manual labour risk, giving customers back 93 hours per month.

In June, ANZ Institutional was named the leading bank for customers in Australia for the seventh-consecutive year by Peter Lee Associates, highlighting its ongoing strength in relationship banking.

In February, ANZ Institutional preserved its top ranking for overall relationship quality in Asia for its fifth consecutive year, according to the 2022 Coalition Greenwich Asian Large Corporate Banking study.

anzcomau:article-hub/industry/financial-institutions
ANZ Institutional supports customers in FY22
Staff Writer
ANZ Insights
2022-10-27
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