Mediarelease

Media Release For Release: 28 October 2010 ANZ 2010 Full Year Result - expediency lifts crosswise the bank - strong growth in dividend, leading guest satisfaction ANZ today announced an underlying scratch 1 for the full year ended 30 September 2010 of $5.0 gazillion up 33% on the previous year. Statutory profit for the full year was $4.5 billion up 53%. The proposed final exam dividend of 74 cents per share is 32% higher than 2009, bringing the center dividend to 126 cents per share. Key Points Strong performance across the bank with solely regions and the institutional Division lifting profit: - Tier 1 metropolis 10.1% with Core Tier 1 Capital 8.0%. - Customer deposits grew 11% (14% FX-adjusted) on strong growth in Australia and Asia Pacific atomic number 63 & Americas (APEA). - #1 in retail customer satisfaction in Australia, increased market share in come upon segments. - Institutional in Australia and New Zealand ranked #1 on key customer satisfaction categories. Underlying profit up 33% driven by a 6% growth in profit before provisions (PBP) and a 40% decline in the credit impairment charge. Underlying EPS increased 18%. The weighted average number of shares increased 14%. 2 Underlying income increased 10% with expenses up 15% reflecting acquisitions and move investment in growth.

Adjusting for the impact of acquisitions and FX (pro forma) 3 income grew 7% (10% excluding global Markets) and expenses 8%. Lending grew 4% (7% FX adjusted) largely driven by the retail concern in Australia and the Retail and Institutional businesses in APEA. Group margins were up 16 basis points (bps) 4 reflecting improve pricing for risk primarily in the Institutional business and some recovery of margins in New Zealand, partly starting signal by higher funding costs. Margins declined half on half (HOH) in the Australian retail business. Second half profit of $2.7 billion was 19% higher HOH. Income and PBP momentum continued in the second half up 9% and 4% independently HOH. On a pro forma basis PBP was up... If you want to accept a full essay, order it on our website: Orderessay

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