What is the ANZ Group Net Worth/ Market Cap in 2024: Finance Performance

What is the ANZ Group Net Worth/ Market Cap in 2024: Finance Performance

Hey there! I’m Ando Money. Today, we’ll dive into the ANZ Group net worth, exploring how this giant among the top global banks stacks up in 2024.

Quick Facts

NameANZ Group
Full NameAustralia and New Zealand Banking Group Limited
Traded asASX: ANZ
HeadquartersMelbourne, Australia
Chief Executive OfficerShayne Elliott
Number of Employees40,342
Market Cap$73.63 billion USD
Total Assets$710.9 billion USD
Total Equity46.23 billion USD (2023)
Revenue$40.9 billion USD (2024)
Net Income$3,407 million USD (for the half year ended 31 March 2024)

What is the Net Worth/ Market Cap of ANZ Group in 2024?

What is the Net Worth/ Market Cap of ANZ Group in 2024?

As of 2024, the ANZ Group boasts a market capitalization of $73.63 billion USD. This positions ANZ as one of the prominent financial institutions in Australia.

In comparison, the Commonwealth Bank has a market cap of $141.35 billion USD, which is significantly higher.

Meanwhile, the National Australia Bank holds a market cap of $73.63 billion USD, similar to ANZ’s valuation.

These comparisons highlight the competitive landscape within the Australian banking sector and underscore the financial robustness of these major banks.

ANZ Group Financial Performance Overview

ANZ Group Financial Performance Overview

How Does ANZ Group Generate Revenue?

ANZ Group’s revenue generation is multifaceted, stemming from various banking divisions.

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The main revenue streams include retail banking, commercial banking, and institutional banking.

Retail Banking

This division serves individual customers, offering services such as home loans, savings accounts, and personal loans. T

he retail segment has shown significant growth, particularly with ANZ Plus, the bank’s flagship digital offering.

By the end of April, ANZ Plus had nearly 690,000 customers and approximately $14 billion (USD 9.24 billion) in deposits.

This growth is driven by high net promoter scores and robust customer acquisition strategies, with 35,000 new customers joining monthly.

Commercial Banking

Catering to small and medium-sized enterprises, this segment provides business loans, credit lines, and other financial products tailored to business needs.

The commercial division’s strong performance is evident in its lending growth, which rose by 4%, and a 3% increase in deposits.

Institutional Banking

This segment deals with large corporate clients and includes services such as international payments, trade finance, and market activities.

ANZ’s institutional division reported a 27% increase in market income due to higher customer activity and favorable trading conditions.

This division facilitates around $164 trillion (USD 108.24 trillion) in payments annually, underscoring its critical role in ANZ’s revenue structure.

Impact of Suncorp Bank Acquisition

In July 2022, ANZ announced its agreement to acquire Suncorp Bank. This strategic move aims to accelerate the growth of ANZ’s retail and commercial businesses, while also improving geographic balance.

The acquisition, still pending some regulatory approvals, is expected to bring significant financial benefits.

The integration process is well underway, with ANZ confident about the anticipated synergies and revenue boost that Suncorp Bank will contribute once fully integrated.

Capital Management and Financial Stability

ANZ Group maintains a strong capital management strategy to ensure financial stability.

  • Share Buyback Program: ANZ plans to buy back up to $2 billion (USD 1.32 billion) of shares as part of its capital management plan. This initiative is designed to return capital to shareholders and improve shareholder value.
  • Dividend Policy: For the half year ended 31 March 2024, ANZ proposed an interim dividend of 83 cents per share, partially franked at 65%. This represents a 2% increase compared to the previous period, reflecting ANZ’s commitment to providing consistent returns to its shareholders.
  • Common Equity Tier 1 (CET1) Ratio: ANZ’s CET1 ratio increased to 13.5%, indicating a robust capital position. This ratio is crucial for maintaining financial health and meeting regulatory requirements.
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International Operations

ANZ’s international operations, particularly through its Institutional Division, have been a significant revenue driver.

The division facilitated approximately 164 trillion USD in payments annually, with international payments revenue up by 8.5% year on year.

This global reach provides ANZ with a diversified revenue base, reducing dependence on any single market and enhancing overall financial stability.

Performance of ANZ’s Divisions

Each of ANZ’s divisions has contributed uniquely to its financial performance. The retail division, for instance, has shown resilience with above-system home loan growth and a 5% increase in customer deposits.

Meanwhile, the commercial division reported a 4% growth in lending and 3% growth in deposits, highlighting its strong balance sheet performance.

The institutional division recorded a 12% increase in cash profit, driven by a 27% increase in markets income due to higher customer activity and favorable trading conditions.

This division also benefited from its globally diversified business, with international profits up by 19%.

Key Financial Metrics

Several key financial metrics are critical to understanding ANZ Group’s financial health.

  • Earnings Per Share (EPS): The EPS for the half year ended 31 March 2024, stood at 118.3 cents, a slight decline of 1% from the previous period.
  • Return on Average Assets (RoAA): The RoAA decreased by 3 basis points to 0.61%, reflecting slight changes in asset utilization efficiency.
  • Credit Quality: ANZ’s credit impairment charge for the first half was $70 million (USD 46.2 million). The total collective provision balance stood at $4,046 million (USD 2.67 billion), indicating prudent risk management practices.

Strategic Initiatives

ANZ has undertaken several strategic initiatives to bolster its financial performance.

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The digital transformation, spearheaded by ANZ Plus, has been a game-changer, significantly enhancing customer engagement and retention.

Moreover, cost management and productivity measures have unlocked 200 million USD in savings through improved processes and automation.

Future Outlook

Looking ahead, ANZ Group is well-positioned to navigate the challenging economic landscape.

While the Australian and New Zealand economies face subdued growth, ANZ’s diversified business model and prudent management practices ensure resilience.

The continued focus on growing ANZ Plus, integrating Suncorp Bank, and expanding institutional processing platforms will be pivotal in sustaining financial health and growth.

FAQs about ANZ Group

FAQs about ANZ Group

What services does ANZ offer?

ANZ Group provides a range of banking and financial services including personal banking (savings accounts, credit cards, home and personal loans), business banking (business accounts, loans, merchant services), and services for institutional clients (capital markets, loans, treasury services).

How can I activate my ANZ card?

To activate your ANZ card, you can use Internet Banking or the ANZ App, or you can call ANZ Customer Service.

How do I check my ANZ account balance?

You can check your ANZ account balance using Internet Banking, the ANZ App, phone banking, or by visiting an ATM.

What should I do if I lose my ANZ card?

If you lose your ANZ card, report it immediately by calling ANZ Customer Service, using the ANZ App or Internet Banking, or visiting an ANZ Branch.

How can I dispute a transaction with ANZ?

To dispute a transaction, you can use ANZ Internet Banking, call ANZ Customer Service, or visit an ANZ Branch.

What types of loans does ANZ offer?

ANZ offers a range of loans including home loans with fixed and variable rates, secured and unsecured personal loans, and business loans such as overdrafts, term loans, and commercial property finance.

How can I transfer funds internationally with ANZ?

For international fund transfers, you can use ANZ Internet Banking or visit an ANZ Branch. Ensure you have the recipient’s SWIFT/BIC code and bank details.

What is the ANZ Rewards program?

The ANZ Rewards program allows customers to earn points on eligible purchases. These points can be redeemed for travel, gift cards, merchandise, and more.

How do I access ANZ’s financial wellbeing tools?

ANZ’s financial wellbeing tools include budgeting tools, savings calculators, and financial advice. These tools can be accessed via the ANZ Financial Wellbeing Hub.

What support does ANZ offer for businesses?

ANZ supports businesses with a variety of services, including business accounts, merchant services, business loans, and international services.


ANZ Group net worth showcases its financial strength in 2024. For detailed insights, visit andomoney.com and stay informed with Ando Money’s updates.

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