ANZ Bank New Zealand Limited (ANZ NZ) is a leading provider of banking and financial services in New Zealand. The bank’s annual report is a comprehensive overview of its performance and financial results for the year.
It is also a valuable resource for customers, investors, and other stakeholders who want to learn more about ANZ NZ’s business and strategy.
What’s in the annual report?
The ANZ NZ annual report typically includes the following sections:
- Overview: This section provides a high-level summary of the bank’s performance for the year, including its financial results, key achievements, and strategic priorities.
- Financial statements: This section includes the bank’s audited financial statements for the year.
- Management discussion and analysis (MD&A): The MD&A is a detailed discussion of the bank’s performance and financial results for the year. It also includes the bank’s outlook for the future.
- Corporate governance report: This report outlines the bank’s corporate governance policies and practices.
- Sustainability report: This report outlines the bank’s sustainability performance for the year, including its environmental, social, and governance initiatives.
How to read the annual report
The ANZ NZ annual report is a complex document, but it is important for customers, investors, and other stakeholders to understand its key findings. Here are a few tips on how to read the annual report:
- Start by reading the overview. This section will give you a high-level understanding of the bank’s performance for the year.
- Review the financial statements. These statements provide a detailed overview of the bank’s financial position and results.
- Read the MD&A. The MD&A is a valuable resource for understanding the bank’s performance and financial results in more detail.
- Read the corporate governance report. This report is important for understanding how the bank is managed and governed.
- Read the sustainability report. This report is important for understanding the bank’s environmental, social, and governance initiatives.
Key takeaways from the 2022 ANZ NZ annual report
The 2022 ANZ NZ annual report showed that the bank had a strong year, with net profit of $2.3 billion, up 20% from the previous year. The bank’s loan book grew by 5% to $109 billion, and its customer deposits grew by 6% to $143 billion.
ANZ NZ also made significant progress on its sustainability goals in 2022. The bank reduced its greenhouse gas emissions by 10% and increased its renewable energy use to 20%.
ANZ NZ also launched a new $2 billion climate finance package to support businesses and households in transitioning to a low-carbon economy.