Key Information Summary for the year ended 30 September 2005
ANZ National Bank Limited Group

ANZ National Bank Limited and Subsidiary Companies

Key Information Summary

for the year ended
30 September 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 30 June 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 30 June 2005. The rating is not subject to any qualifications.
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the year ended 30 September 2005
Consolidated
Unaudited
30/09/2005
Unaudited
30/09/2004
 

Profitability

      
  • Operating surplus for the six months ended 30 September ($m) (There are no extraordinary items)

735

680
  • Operating surplus for the year ended 30 September as a percentage of average total assets

0.9%

1.0%
 

Size – as at 30 September

     
  • Total assets ($m)

85,301

74,212
  • The percentage increase in total assets from 1 October to 30 September

8.1%

152.7%
 

Capital Adequacy – as at 30 September

     
  • Tier 1 Capital as a percentage of risk weighted exposures

8.1%

7.9%
  • Reserve Bank of New Zealand minimum Tier 1 Capital ratio

4.0%

4.0%
 
  • Capital as a percentage of risk weighted exposures

10.6%

10.5%

  
 
  • Reserve Bank of New Zealand minimum Capital ratio

8.0%

8.0%

  
 

Asset Quality - as at 30 September

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

220

123
  • Total impaired assets as a percentage of total assets

0.3%

0.2%
 
  • Total specific provisions ($m)

98

73

  
 
  • Total specific provisions as a percentage of total impaired assets

44.5%

59.3%

  
 

Peak Credit Exposure Concentrations –
for the three months ended 30 September

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

2

3
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the year ended 30 September 2005
Consolidated
Unaudited
30/09/2005
Unaudited
30/09/2004
 

Peak Credit Exposure Concentrations –
for the three months ended 30 June (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

2

2

20% to 30% of equity

2

-
 

Peak Connected Persons Credit Exposures –
for the three months ended 30 September

     
  • 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)

1,004

977
  • 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)

21.5%

24.4%
  • 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)

-

-
  • 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 Banking Group may hold in respect of the various counterparty limits.

  
 

Availability of Disclosure Statements

  
 

Copies of ANZ National Bank Limited’s most recent General Short Form 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 14, 215-229 Lambton Quay, PO Box 1492, 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 Short Form 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

  
     
 

We have audited the financial statements, including supplementary information, included in the General Disclosure Statement for the year ended 30 September 2005. Our audit was conducted in accordance with New Zealand Auditing Standards issued by the New Zealand Institute of Chartered Accountants. In our audit report dated 21 November 2005 we expressed an unqualified opinion on those financial statements and supplementary information.

 

The Key Information Summary has been extracted from information contained in the General Disclosure Statement for the year ended 30 September 2005. We have examined the Key Information Summary in accordance with Clause 5(7) of the Registered Bank Disclosure Statement (Full and Half Year – New Zealand Incorporated Registered Banks) Order 2005 (the “Order”). Based on our examination:

  • the Key Information Summary has been completed in accordance with the Order; and
  • the information contained in the Key Information Summary has been properly extracted, where applicable, from information contained in the General Disclosure Statement.

For a better appreciation of the scope of our audit, and of the financial position of the Registered Bank and Banking Group as at 30 September 2005 and results of their operations and cash flows for the year ended on that date, this report should be read in conjunction with the General Disclosure Statement.

 

Our audit was completed on 21 November 2005 and our findings are stated as at that date.

 

 


Wellington