The Australia and New Zealand Banking Group(ANZ) takes the runner up position in our list of Australia’s largest companies.
With a 2015 revenue of 31.1 billion dollars and an asset base of 625.8 billion dollars, it is the fourth largest bank in Australia by market cap. Australia forms the major part of the bank’s customer base, and the bank also has branches across 30 other nations.
Shayne Elliott is the bank’s Chief Executive Officer. ANZ was formed in 1951 when the Union Bank of Australia Limited merged with the Bank of Australia. The bank further strengthened by acquiring other banking and financial entities through the 1990s. Recently, the company has announced to partner with Apple to provide the services of Apple Pay to its customers. The bank provides banking, loans, credit cards, insurance, travel and foreign exchange to personal customers. It provides corporate banking, research and investment advisory to industries as well.
The bank has a different organizational structure in different geographies offering various services. The Australian division provides retail products and distribution, commercial banking and wealth management services. ANZ also provides brokerage services across Australia and New Zealand. In Asia Pacific, ANZ has been quite aggressive with its strategies and has made inroads into emerging markets of China, Indonesia and Vietnam. The bank has around 1400 branches worldwide. ANZ Bangalore in India is one of the first IT based staff centers established in 1989 and employing around 4800 persons.
ANZ is one of the most respected banks in the world. The bank has been featuring in the Global 100 most sustainable corporations in the world and Ethibel Sustainability Index 2016. It has been recognized as a prominent bank in the Dow Jones Sustainability Index 2016 and FTSE4Good lists.