Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013 - S&P Global Ratings’ Credit Research

Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013

Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013 - S&P Global Ratings’ Credit Research
Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013
Published Aug 16, 2013
1015 words — Published Aug 16, 2013
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Abstract:

MELBOURNE (Standard&Poor's) Aug. 16, 2013--Standard&Poor's Ratings Services said today that Australia and New Zealand Banking Group Ltd. (ANZ; AA-/Stable/A-1+) is likely to be on track for strong earnings in 2013, following an announcement by the bank today of its third-quarter trading update for the nine months to June 30, 2013. We retain our current view following the announcement that ANZ's already-strong ratings by international standards are unlikely to change in the medium term. Key highlights in the bank's release included an 11% increase in cash profit for its June 30 fiscal year-to-date (compared with the similar prior period last year), customer deposit growth of 12% outstripping net lending asset growth of 8% (compared with the similar

  
Brief Excerpt:

RESEARCH Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013 Publication date: 16-Aug-2013 Primary Credit Analyst: Gavin J Gunning, Melbourne (61) 3-9631-2092; gavin.gunning@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
ANZ@AU
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013" Aug 16, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Australia-And-New-Zealand-Banking-Group-Ltd-On-Track-For-Strong-Earnings-In-Fiscal-2013-1179551>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Australia And New Zealand Banking Group Ltd. On Track For Strong Earnings In Fiscal 2013 Aug 16, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Australia-And-New-Zealand-Banking-Group-Ltd-On-Track-For-Strong-Earnings-In-Fiscal-2013-1179551>
  
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