Warning: mkdir() [
function.mkdir]: Permission denied in
/home/webs/affiliatelib2/CacheManager.php on line
12
Warning: mkdir() [
function.mkdir]: No such file or directory in
/home/webs/affiliatelib2/CacheManager.php on line
12
Warning: fopen(/home/templatecore2cache//*cluesnet.com/82/823fb6e0e3783d4f868f1615919a22609b7a8bf8.tc2cache) [
function.fopen]: failed to open stream: No such file or directory in
/home/webs/affiliatelib2/CacheManager.php on line
130
Warning: fwrite(): supplied argument is not a valid stream resource in
/home/webs/affiliatelib2/CacheManager.php on line
131
Warning: fclose(): supplied argument is not a valid stream resource in
/home/webs/affiliatelib2/CacheManager.php on line
132
{{Infobox_Company |company_name = [Australia and New Zealand Banking Group Limited |
company_logo = ] |
company_type = [Public company ({{asx|ANZ-->) |
company_slogan = [More Convenient Banking, That's ANZ NOW |
foundation= |
location = {{flagicon|AUS--> [Melbourne, [Australia |
key_people = [Mike Smith, [CEO
[Charles Goode, [Chairman |
num_employees = 32,256 full time equivalent From consolidated results at http://www.anz.com/aus/shares/finance/default.asp |
industry = [Banking and Finance |
revenue = $10 [billion [Australian Dollar|
net_income = $3.7 [billion [Australian Dollar|
products = [Transaction Accounts
[Insurance
[Stock brokerage
[Investment bank
[Asset-based lending
[Consumer finance
[Trade
[International Payments
[Foreign Exchange
[Credit Cards
|
homepage =
http://www.anz.com www.anz.com|
-->
The
Australia and New Zealand Banking Group Limited (Australia and New Zealand Banking Group Limited; , , ), commonly called
ANZ, is the third largest bank in Australia, after the
National Australia Bank and the Commonwealth Bank. Australian operations make up the largest part of ANZ's business, with commercial banking and
retail banking dominating.ANZ is also the largest bank in
New Zealand (where the legal entity became known as
ANZ New Zealand in 2004).
In addition to operations throughout
Australia and New Zealand, ANZ also extends itself to twenty-five other nations. It is one of the leading banks in the Oceania and in Asia.
ANZ posted a net profit of
A$3.69 billion for the year ended September 30,
2006. ANZ recorded
revenue growth of 8.4
per cent in the year ended
September 30, with
group operating
revenue of
A$10.15 billion and assets of $335 billion.
History
1800s
- 1835:ANZ began in London when The Bank of Australasia was established under Royal Charter
- 1837:The Union Bank of Australia was established. This was an Anglo-Australian bank
- 1852: The English, Scottish and Australian Bank (ES&A) was established in 1852. This was anAnglo-Australian bank
1950-60s
- 1951: The Bank of Australasia merges with the Union Bank of Australia to form ANZ Bank
- 1966: Starts operations in Honiara, Solomon Islands
- 1968: Opens office in New York, USA
- 1969: Establishes representative office in Tokyo, Japan
1970s
- 1970:
- In what was then the largest merger in Australian banking history, ANZ merged with the English, Scottish and Australian Bank Limited to form the present organisation, Australia and New Zealand Banking Group Limited
- Starts operations in Vanuatu
- 1971: Opens representative office in Malaysia
- 1976: ANZ (PNG) established
- 1977: ANZ incorporated in Australia (transfer from UK)
- 1979: Acquires the Bank of Adelaide
1980s
- 1980: Singapore and New York representative offices upgraded to branch status
- 1984: Purchases Grindlays Bank
- 1985:
- Acquires Barclays’ operations in Fiji and Vanuatu
- Receives full commercial banking licence and opens branch in Frankfurt, Germany
- Announces ANZ Singapore Limited
- Opens representative office in Bangkok, Thailand
- 1988:
- 1989: Purchases PostBank from New Zealand Government
1990s
due to its architecture. Queen Street, Melbourne,
Melbourne.
- 1990:
- Acquires National Mutual Royal Bank Limited
- Acquires Lloyds’ operations in Papua New Guinea
- Acquires Bank of New Zealand’s operations in Fiji
- Acquires Town and Country Building Society in Western Australia
- 1991:
- Acquires 75 per cent of Bank of Western Samoa
- Opens representative office in the Philippines
- 1993:
- New world headquarters built in Melbourne, Australia
- Joint venture established with PT Panin Bank, Indonesia
- Opens a branch in Hanoi and a representative office in Ho Chi Minh City, Vietnam
- Opens a branch in Shanghai and a representative office in Guangzhou, China
- Starts operations in Tonga
- Sold Canada operations to HSBC Bank Canada
- 1996:
- www.anz.com launched
- ANZ opens its second Vietnamese branch at Ho Chi Minh City
- 1997:
- John McFarlane appointed Chief Executive Officer
- ANZ Phone Banking launched
- Official opening of Beijing branch, China
- Bank of Western Samoa changes its name to ANZ Bank (Samoa)
- 1998: Acquires stake in PT Panin Bank, Indonesia
- 1999:
- ANZ Internet Banking launched
- ANZ announces strategic alliance with E*Trade Australia for online share trading service
- Purchases Amerika Samoa Bank
2000s
- 2000:
- ANZ sells its Grindlays businesses in the Middle East and South Asia, and associated Grindlays Private Banking business, to Standard Chartered
- Granted local currency (Renminbi) licence from the People’s Bank of China
- 2001:
- Acquires 75 per cent of Bank of Kiribati
- ANZ Timor Leste opens
- Establishes cards business in Hong Kong
- 2002:
- Forms joint venture with ING Group for funds management and life insurance business in Australia and New Zealand
- One millionth customer registers for ANZ Internet Banking in Australia
- 2003: Acquires National Bank of New Zealand.
- 2006: New world headquarters announced for Melbourne Docklands near the headquarter of the National Australia Bank
- 2007:
Organizational Structure of the bank
Personal Banking
Institutional Banking
New Zealand division
Other Business units
- International Partnerships
- ING Australia
- Private Bank
Shared Services
- Technology
- Payments
- Shared Services
- Operational & Technology Risk
- Property
- OTSS India
Corporate Centre
- Group Financial Management
- Internal Audit
- Corporate Communications
- Group Corporate Affairs
- People Capital and Breakout
- Risk Management
- Group Strategic Development
Asia-Pacific
ANZ is one of the leading Australian bank in the Asia-Pacific
region. It has been aggressive in its expansion into the emerging markets of
China, Vietnam, and
Indonesia.
In March 2005, it formed a
strategic alliance with Vietnam's Sacombank involving an
acquisition of 10% of Sacombank’s
share capital. As part of the
strategic alliance,
ANZ will provide technical assistance in the areas of risk management and retail and
small business banking.
ANZ has followed a similar strategy in China, where it
acquired a 20% share in Tianjin City Commercial Bank in July 2006. It is also expected to complete a similar deal with Shanghai Rural Commercial Bank by
December 2006.
Offshoring
Like other major Australian banks, ANZ have been progressively shifting jobs to India. ANZ employs over 1,400 staff in
Bangalore, Indiahttp://www.fsunion.org.au/news/public/1164680136_24400.html. 1100 IT positions, 150 positions in Payments and Institutional Operations and International and High Value Services and 150 positions in Operations Personal Banking have been shifted from Melbourne to India. ANZ predicts that by 2008, over 2000 jobs will have been shifted from Australia to Bangalore.http://www.bankcheck.net.au/anz_bank.html
Community involvement
ANZ is involved in Community Services such as conducting financial literacy to
minor and
adult citizens of Australia.
The organisation also participates in the
Australian Government's Greenhouse Challenge and the Carbon Disclosure Project which aims to greatly trim down
environmental perils in the long run.
Advertising
In 2005 an
advertisement included two famous
robots:
Lost in Space robot, and a Dalek from
Doctor WhoIn
2006 the company started a TV
campaign with a series of medium-sell ads featuring their new
mascot - the Falcon, a
bird trained to stop
credit card thieves illustrating the
company's measures in prevention of
phishing. This campaign according to the review by
Sydney's
A Current Affair program was mentioned as one of the most popular new ads of the year.
Notes and references
See also
External links