Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Australia and New Zealand Banking Group (ANZ) reported their unaudited earnings with cash profit from continuing operations for the three months ending December 31 at A$1.81bn ($1.40bn), up 54% from the average of the last two quarters. Net profits were at A$1.62bn ($1.26bn) with group revenues up 4% in the quarter excluding the markets business. The bank noted that about 84% of deferred home loans in Australia were rolled-off, of which 98% returned to repayments. CET1 ratio stood at 11.7% vs. 11.3% at end-September 2020. Total credit provision for bad loans in the quarter stood at A$150mn ($116.3mn), down from the A$1.7bn ($1.32nn) set aside in 2020 due to the pandemic. “All our major businesses performed well through the quarter with market share gains in our key home loan market in Australia as well as record home loan volumes in New Zealand… (during the) December quarter what we found is that the outlook isn’t quite as bad as that, and so that meant we were able to just trim those back a little bit,” CEO Shayne Elliott said. ANZ’s USD 6.75% Perp was trading stable at 118.61, yielding 2.94%.

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