ANZ reports third-quarter rise in deposits, loans

AUSTRALIA’S ANZ Group said on Friday its customer deposits and net loans and advances rose in the third quarter, while credit risk-weighted assets edged higher due to growth in home lending at its domestic retail division.

ANZ, Australia’s fourth-largest bank in terms of market value, said its common equity tier 1 ratio, a key metric of spare cash, rose by 16 basis points since March to 11.9 per cent.

This reflected the effect of higher lending growth in both Australia retail and institutional segments.

Mortgage payments in Australia past their due date for 90 or more days rose 4 bps to 88 bps as compared to last year, the banking group said in a limited quarterly trading update, which did not disclose its quarterly cash profit figure.

The firm reported a growth of A$19 billion (S$15.9 billion) in customer deposits in the quarter. Its net loans and advances grew 2 per cent.