Our strength in the current financial environment

As part of New Zealand's largest bank, ANZ is well positioned to withstand the current conditions in the global financial market.

Customers of ANZ benefit from the strength of our balance sheet, ownership, and scale, which is underpinned by New Zealand's strong banking regulatory framework.

We have an "AA" credit rating from international ratings agency Standard & Poor's. To put this in perspective, we are among the top 30 banking groups in the world with a Standard & Poor's rating of AA or better.

That means you can be confident that you are dealing with a bank which is among the best rated banks in the world, with a strong capital and liquidity position.

The New Zealand Retail Deposit Guarantee Scheme

ANZ National Bank Limited has a guarantee under the New Zealand retail deposit guarantee scheme for its call (including transaction and savings accounts) and term deposits. Further, the Crown has agreed to extend the benefit of this guarantee to the ANZ Call Fund and the ANZ Term Fund.

The ANZ Call Fund and ANZ Term Fund only invest in deposits guaranteed under the New Zealand deposit guarantee scheme.

There are conditions on the availability of the guarantee to investors. These include:

• Maximum guarantee limits of:
  • $1,000,000 NZD per investor in respect of all their call and term deposit products (i.e. regardless of the number of deposit products an investor will only ever be able to claim $1,000,000); plus
  • $1,000,000 NZD per investor for the ANZ Call Fund; plus
  • $1,000,000 NZD per investor for the ANZ Term Fund;
• Investor eligibility criteria - the guarantee is not available to related parties of ANZ National Bank Limited or financial institutions;
• The termination date which applies to the scheme - the guarantee is only available until 12 October 2010.

Further information about the retail deposit guarantee scheme, the conditions and a copy of the deed of guarantee are available, free of charge on www.treasury.govt.nz

ANZ (part of ANZ National Bank Limited) has been operating in New Zealand for more than 150 years and we will continue to use our experience to help you manage your money during challenging economic conditions.

ANZ, part of ANZ National Bank Limited