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BRIEF-ANZ Says "Mindful" Of The $7 Bln In Extra Capital It Has

Published 05/05/2021, 11:33 am
Updated 05/05/2021, 12:49 pm
© Reuters.
ANZ
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May 5 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :

* CAPITAL POSITION PROVIDES FLEXIBILITY TO RETURN SURPLUS CAPITAL TO SHAREHOLDERS.

* FOLLOWING TRENDS OF Q1, ALL PARTS OF BUSINESS PERFORMED WELL IN HY

* WELL-PLACED TO CONTINUE TO SUPPORT ONGOING ECONOMIC RECOVERY

* WHILE PANDEMIC HASN'T RESULTED IN LARGE CREDIT LOSSES TO DATE, STILL HAVE ALMOST $4.3 BILLION IN RESERVE IF CONDITIONS DETERIORATE

* DONATION OF $1 MILLION TO WORLD VISION'S INDIA'S COVID-19 APPEAL AND FURTHER $1 MILLION TO MATCH CUSTOMER AND STAFF DONATIONS

* LOWER HY REVENUES IN INSTITUTIONAL BUSINESS LARGELY EXPECTED DUE TO IMPACT OF FALLING INTEREST

* SITTING ON $7 BLN MORE THAN CO WOULD NORMALLY REQUIRE TO BE UNQUESTIONABLY STRONG, "WE'RE VERY MINDFUL OF THAT"

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