ANZ (bank)
The Australia and New Zealand Banking Group Limited (ANZ) is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.
Headquarters at 833 Collins Street | |
| Company type | Public |
|---|---|
Traded as | |
| Industry | |
| Predecessor | Bank of Australasia Union Bank of Australia ES&A Bank |
| Founded | 2 October 1951 (ANZ Bank) 16 January 1969 (ANZ Group) 1 October 1970 (ANZ Group Merger) |
| Headquarters | 833 Collins Street, Melbourne, Victoria, Australia |
Area served | Worldwide |
Key people | |
| Products | Finance and insurance, consumer banking, corporate banking, private banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards |
| A$20.89 billion (2023) | |
Net income | A$7.40 billion (2023) |
| Total assets | A$1.10 trillion (2023) |
| Total equity | A$70.04 billion (2023) |
Number of employees | 40,342 (2023) |
| Subsidiaries | |
| Website | www |
Its current corporate entity was established on 1 October 1970, when the Australia and New Zealand Bank (ANZ) merged with the English, Scottish & Australian Bank (ES&A). It was the largest bank merger in Australian history at the time. The Australia and New Zealand Bank had in turn been founded in 1951 as a merger of the Bank of Australasia and the Union Bank of Australia, which were established in 1835 and 1837 respectively. ANZ is one of the Big Four Australian banks, along with the Commonwealth Bank, National Australia Bank and Westpac.
Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand, where the legal entity became known as ANZ National Bank in 2003 and changed to ANZ Bank New Zealand in 2012. From 2003 to 2012, it operated two brands in New Zealand, ANZ and the National Bank of New Zealand. The National Bank brand was retired in 2012, with a number of branches closing and others converting to ANZ branches. In addition to operations throughout Australia and New Zealand, ANZ also operates in 34 other countries.
ANZ together with its subsidiaries has a workforce of around 40,000 employees and serves over nine million customers worldwide.