Key Information Summary for the 6 months ended 31 March 2005
ANZ National Bank Limited Group

ANZ National Bank Limited and Subsidiary Companies

Key Information Summary

for the six months ended
31 March 2005

Introductory Information
  • The purpose of this Key Information Summary is to provide customers and potential customers with information about the financial condition of their bank.
  • Neither the New Zealand Government nor the Reserve Bank of New Zealand guarantees or insures bank deposits.
  • The information contained in the Key Information Summary is explained in the Reserve Bank publication “Your Bank’s Disclosure Statement – What’s In It For You?”, which can be obtained from the Reserve Bank.

Corporate Information
  • The full name of the registered bank is ANZ National Bank Limited (the ‘Bank’).
  • The full name of the ultimate parent bank of the Bank is Australia and New Zealand Banking Group Limited, which is domiciled in Australia.

Credit Rating
  • The Bank has two current credit ratings, issued by Standard & Poor’s and Moody’s Investors Service, which are applicable to its long term senior unsecured obligations which are payable in New Zealand in New Zealand dollars.
  • The current Standard & Poor’s credit rating is AA–. There have been no changes in the credit rating issued in the past two years ended 31 March 2005. The rating is not subject to any qualifications.
  • The current Moody’s Investors Service credit rating is Aa3. There have been no changes in the credit rating issued in the past two years ended 31 March 2005. The rating is not subject to any qualifications.
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the three months ended 31 December 2004
Consolidated
Unaudited
31/03/2005
Unaudited
31/03/2004
 

Profitability

      
  • Operating surplus for the six months ended 31 March ($m) (There are no extraordinary items)

372

308
  • Operating surplus for the year ended 31 March as a percentage of average total assets

1.0%

1.2%
 

Size – as at 31 March

      
  • Total assets ($m)

79,483

77,170
  • The percentage increase in total assets from 1 April to 31 March

3.0%

172.2%
 

Capital Adequacy – as at 31 March

      
  • Tier 1 Capital as a percentage of risk weighted exposures

8.1%

7.2%
  • Reserve Bank of New Zealand minimum Tier 1 Capital ratio

4.0%

4.0%
 
  • Total capital as a percentage of risk weighted exposures

10.6%

9.6%

  
 
  • Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

  
 

Asset Quality - as at 31 March

      
  • Total impaired assets (on-balance sheet and off-balance sheet) ($m)

114

119
  • Total impaired assets as a percentage of total assets

0.1%

0.2%
 
  • Total specific provisions ($m)

69

78

  
 
  • Total specific provisions as a percentage of total impaired assets

60.5%

65.5%

  
 

Peak Credit Exposure Concentrations –
for the three months ended 31 March

Number of
Counterparties

Number of
Counterparties

  
  • The number of individual counterparties other than banks or groups of closely related counterparties of which a bank is the parent (excluding OECD
    Governments and connected persons), where the peak end-of-day credit exposures (net of specific provisions; $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis of limits (Note 1):

 

 

10% to 20% of equity

3

3
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the six months ended 31 March 2005
Consolidated
Unaudited
31/03/2005
Unaudited
31/03/2004
 

Peak Credit Exposure Concentrations –
for the three months ended 31 March (continued)

Number of
Counterparties

Number of
Counterparties

  
  • The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding OECD Governments and connected persons), where the peak end-of-day credit exposures (net of specific provisions; $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis of actual exposures:

 

 

10% to 20% of equity

4

4
 

Peak Connected Persons Credit Exposures –
for the three months ended 31 March

     
  • The peak end-of-day aggregate credit exposures (exclusive of exposures of a capital nature and net of specific provisions) to connected persons (there are no specific provisions or set-offs) ($m)

1,404

959
  • The peak end-of-day aggregate credit exposures (exclusive of exposures of a capital nature and net of specific provisions) to connected persons as a percentage of Tier 1 Capital (as at the end of the quarter)

31.4%

26.4%
  • The peak end-of-day aggregate credit exposure (exclusive of exposures of a capital nature and net of specific provisions) to non-bank connected persons (there are no specific provisions or set-offs) ($m)

-

1
  • The peak end-of-day aggregate credit exposures (exclusive of exposures of a capital nature and net of specific provisions) to non-bank connected persons as a percentage of Tier 1 Capital (as at the end of the quarter)

0.0%

0.0%
 

The Bank and its subsidiaries have complied with the limits on aggregate credit exposures (exclusive of a capital nature and net of specific provisions) to connected persons and non-bank connected persons, as set out in the Banks Conditions of Registration, at all times during the quarter and comparative quarter
 

Note 1 - The number of individual counterparties disclosed within the various equity ranges is based on counterparty limits rather than actual exposures outstanding. No account is taken of security and/or guarantees which the Bank may hold in respect of the various counterparty limits.

  
 

Availability of Disclosure Statements

  
 

Copies of ANZ National Bank Limited’s most recent General Disclosure Statement will be provided at no charge immediately to any person requesting a copy where the request is made at ANZ National Bank Limited’s head office, Level 10, 2 Hunter Street, Wellington, and within five working days where the request is made at any branch or agency of ANZ National Bank Limited.

This Key Information Summary and the most recent General Disclosure Statement can be accessed at the website addresses www.anz.co.nz and www.nationalbank.co.nz.

  
   
     
 

Independent Review Report to the Directors of ANZ National Bank Limited

  
     
 

Independent Review Report to the Directors of ANZ National Bank Limited We have reviewed the interim financial statements including supplementary information included in the General Disclosure Statement for the six months ended 31 March 2005. Our review was conducted in accordance with the Review Engagement Standards issued by the Institute of Chartered Accountants of New Zealand. A review of the General Disclosure Statement is limited primarily to enquiries of Banking Group personnel and analytical review procedures applied to financial data, and thus provides less assurance than an audit. We have not performed an audit, and accordingly, we do not express an audit opinion. In our report dated 18 April 2005 we expressed an unqualified statement on those interim financial statements and supplementary information.

 

The Key Information Summary has been extracted from information contained in the General Disclosure Statement for the six months ended 31 March 2005.

 

We have reviewed the Key Information Summary and based on our review:

  • the Key Information Summary has been completed in accordance with the Registered Bank Disclosure Statement (Full and Half-Year – New Zealand Incorporated Registered Banks) Order 2005; and
  • the information contained in the Key Information Summary has been properly extracted from information contained in the General Disclosure Statement.

For a better appreciation of the scope of our review, and of the financial position of the Registered Bank and Banking Group as at 31 March 2005 and the results of its operations and cash flows for the six months ended on that date, this report should be read in conjunction with the General Disclosure Statement.

 

Our review was completed on 18 April 2005 and our statement is made as at that date.

 

 


Wellington