ANZ Institutional has continued its strong support for its customers in the first half of bank-year 2022, continuing to grow its sustainable finance offering and invest in digital capability amid challenging external conditions.
As a broader group, ANZ posted a statutory profit after tax of $A3.53 billion, a 10 per cent rise on the previous corresponding period.
ANZ Group Executive, Institutional, Mark Whelan said the division’s focus on disciplined execution in the half helped it win new customers and strengthen relationships with existing ones.
“This result demonstrates the strength of our payments platforms proposition and environmental sustainability offering,” he said.
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CEO Shayne Elliott told ANZ’s bluenotes the bank’s institutional division was in “really good shape”.
“[ANZ Institutional] had a really strong result,” he said. “[We’re] lending to people… who are really funding investment around the region.”
Growth in digital, sustainability
ANZ Institutional continued to growth its sustainable finance investment in the half, supporting its customers on the journey to net-zero carbon.
The bank has now completed 62 per cent of its $A50 billion sustainable funding and facilitation commitment by 2025.
ANZ was the first Australian bank to join the Net-Zero Banking Alliance of banks committed to aligning their portfolio with net zero by 2050.
The division also continued to increase support the digital capabilities and itself and its customers.
Investment in the divisions’ payments and cash management businesses, as well as platforms, now expected to rise 20 per cent compared to 2020 in the full year.
Total payments on ANZ Institutional digital platforms rose 48 per cent in the first half, annualised.
Earlier in 2022, ANZ completed the first bank-led, Australian-dollar, stablecoin transaction, through the use of ANZ’s own A$DC.
