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BRIEF-Australia and New Zealand Banking comments on APRA capital changes for Banks

Published 20/07/2015, 10:46 am
© Reuters.  BRIEF-Australia and New Zealand Banking comments on APRA capital changes for Banks
ANZ
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July 20 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :

* Anz comments on apra capital changes for banks ANZ.AX

* Impact to anz's capital position of approximately 55 basis points is largely as expected following the financial services inquiry

* Anz - from 1 July 2016 the average credit risk weight applied to Australian residential mortgage lending for anz will increase from about 15% to about 25%

* Anz-apra change in average credit risk weights to 25% will require anz to allocate about A$2.3 billion of additional capital to the bank's Australian mortgage lending book

* Source text for Eikon ID:nASX25w6xG

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