MELBOURNE (Standard&Poor's) May 1, 2014--Standard&Poor's Rating Services said today that Australia and New Zealand Banking Group Ltd.'s (ANZ) fiscal 2014 first-half results, announced today, are consistent with Standard&Poor's current ratings and outlook (AA-/Stable/A-1+) on ANZ. Earnings were strong, with cash profit of A$3.5 billion, up 11% on fiscal 2013 first half results. Group revenues were up 3.6%, including for all major operating divisions (Australia, New Zealand, International and Institutional Banking, and Global Wealth), and outstripped expense growth of 1.7%. While revenues grew strongly in key Asian product lines and geographies, our ongoing focus remains on how well risks are being managed in Asia and elsewhere. We currently have no material concerns, however, in this
