This report does not constitute a rating action. MELBOURNE (S&P Global Ratings) May 8, 2025--Australia and New Zealand Banking Group Ltd. (ANZ) will maintain robust credit quality as its revenue continues to expand. ANZ today announced a A$3.6 billion cash profit for the six months ended March 31, 2025, up 12% on the previous half. Inclusion of the first full half of Suncorp Bank earnings supported ANZ's record half-year revenue. Results at ANZ (AA-/Stable/A-1+), one of Australia's four major lenders, were solid across all key business divisions and in line with our expectations. We do not expect ANZ to make any significant changes to its strategy when its new CEO starts later this month. ANZ will have to meet requirements
