Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Australia and New Zealand Banking Group    ANZ   AU000000ANZ3

End-of-day quote. End-of-day quote  - 09/28
27.63 AUD   +0.66%
04:32a AUSTRALIA AND N : Pankaj and Radhika Oswal settles $1.9 billion disp..
09/27 AUSTRALIA AND N : ASIC Form 484
09/27 AUSTRALIA AND N : ANZ closes ANZ Capital Notes 4 Offer raising A$1.6..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ANZ Bank Cuts Standard Variable Home Loan Rate By 37 BPS

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/11/2012 | 07:23am CEST

Australia and New Zealand Banking Group Ltd. (>> Australia and New Zealand Banking Group) Friday became the last of the nation's big four banks to pass on part of the Reserve Bank of Australia's 50 basis point cut last week.

ANZ said it will cut its standard variable home loan rate by 37 basis points to 7.05% from May 18. That's the equivalent of A$20 a week in interest repayments on an average A$280,000 mortgage, the bank said in a statement.

"We continue to work hard to ensure we are competitive despite sustained funding pressure driven by the high rates we are paying to our 2.9 million deposit customers," said ANZ's Australia chief executive Philip Chronican.

Commonwealth Bank of Australia (>> Commonwealth Bank of Australia), the nation's largest home lender, last week reduced the interest rate on its range of variable home loans by 40 basis points to 7.01% a year. National Australia Bank Ltd. (>> National Australia Bank Ltd.) cut its headline mortgage rate by 32 basis points to 6.99%--the lowest of the big four banks. Westpac Banking Corp. (>> Westpac Banking Corporation) reduced its headline rate by 37 basis points to 7.09%.

The central bank cut its cash rate by 50 basis points to 3.75% on May 1.

-By Caroline Henshaw, Dow Jones Newswires; 61-2-8272-4689; caroline.henshaw@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUSTRALIA AND NEW ZEALAND
04:32a AUSTRALIA AND NEW ZEALAND BANKING : Pankaj and Radhika Oswal settles $1.9 billio..
09/27 AUSTRALIA AND NEW ZEALAND BANKING : ASIC Form 484
09/27 AUSTRALIA AND NEW ZEALAND BANKING : ANZ closes ANZ Capital Notes 4 Offer raising..
09/27 AUSTRALIA AND NEW ZEALAND BANKING : ASX Notice - ANZPG - Deferred Settlement Tra..
09/27DJAUSTRALIA AND NEW ZEALAND BANKING : ANZ Raises A$1.622 Billion Through Issue of ..
09/27 AUSTRALIA AND NEW ZEALAND BANKING : ANZ closes ANZ Capital Notes 4 Offer, upsize..
09/26 AUSTRALIA AND NEW ZEALAND BANKING : NZ consumer confidence up in September
09/26 AUSTRALIA AND NEW ZEALAND BANKING : ANZ provides assistance for New South Wales ..
09/26 AUSTRALIA AND NEW ZEALAND BANKING : ANZ - wholesale debt ANZHAR - interest payme..
09/23 AUSTRALIA AND NEW ZEALAND BANKING : FSP Launches World`s Slimmest C14 USB Power ..
More news
Sector news : Commercial Banks
08:49aDJROYAL BANK OF SCOTLAND : RBS Pays $1.1 Billion to Settle Lawsuits in U.S.
08:48aDJWELLS FARGO : Claws Back CEO Pay -- WSJ
04:54a WELLS FARGO : CEO forfeits millions as board orders review
02:45aDJCHINA CONSTRUCTION BANK : Hong Kong Branch Raises US$600 Million via USD Bond Sa..
09/27DJWELLS FARGO : Claws Back Millions From CEO After Scandal
More sector news : Commercial Banks
News from SeekingAlpha
09/15 The Australian Market Is Looking Like A Bargain Now
06/02 U.S. Hedge Funds And The Big, Bad Aussie Short That Could Render Them Broke
05/25 AUSTRALIAN BANKS : On Thin Ice
05/04 THE WELL-BALANCED BANKS PORTFOLIO 20 : What To Buy And When
05/03 Australia & New Zealand Banking Group Ltd. ADR reports Q1 results
Advertisement
Financials ( AUD)
Sales 2016 20 831 M
EBIT 2016 9 887 M
Net income 2016 5 895 M
Debt 2016 -
Yield 2016 5,83%
P/E ratio 2016 13,14
P/E ratio 2017 11,48
Capi. / Sales 2016 3,86x
Capi. / Sales 2017 3,73x
Capitalization 80 359 M
More Financials
Chart AUSTRALIA AND NEW ZEALAND
Duration : Period :
Australia and New Zealand  Technical Analysis Chart | ANZ | AU000000ANZ3 | 4-Traders
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 27,8  AUD
Spread / Average Target 1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Shayne Cary Elliott Chief Executive Officer & Executive Director
David M. Gonski Chairman
Alistair Currie Group Chief Operating Officer
Michelle Jablko Chief Financial Officer
Scott Collary Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUSTRALIA AND NEW ZEAL..-1.18%61 934
AGRICULTURAL BANK OF C..-3.41%150 759
HSBC HOLDINGS PLC7.63%146 390
SHANGHAI PUDONG DEVELO..-0.78%53 419
CHINA CITIC BANK CORPO..-18.70%40 025
QATAR NATIONAL BANK SA..-19.66%36 215
More Results