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ANZ Updates Capital Position Post Suncorp Acquisition

Aug 08, 2024

ANZ (NZX: ANZ) provided an update on its capital position following adjustments to its Common Equity Tier 1 (CET1) due to the Suncorp acquisition and other changes. Approved mortgage risk weight model reviews by APRA and RBNZ will reduce Advanced Internal Ratings Based Risk Weighted Assets by ~$22bn. APRA's revised capital framework, effective 30 September, will add ~30 basis points (bps) to ANZ's Level 2 CET1 by then. The Suncorp Bank acquisition is expected to lower Level 2 CET1 by 105 bps, an 18 bps improvement from earlier estimates. ANZ will host a briefing with details provided separately.

 

 

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