Australia's ANZ Group reported a third-quarter increase of A$19 billion in customer deposits and 2% growth in net loans and advances, signaling robust core banking activity. Despite a slight rise in credit risk-weighted assets from home lending, the bank's common equity tier 1 ratio improved by 16 basis points to 11.9%. While mortgage delinquencies (90+ days past due) saw a marginal 4 basis point increase to 88 basis points, the bank did not disclose its quarterly cash profit in this limited trading update.
ANZ Group's third-quarter trading update indicates solid operational momentum, with net loans and advances growing by 2% and customer deposits increasing by A$19 billion. This balance sheet expansion, driven by both Australian retail and institutional segments, contributed to a stronger capital position, as evidenced by a 16 basis point rise in the Common Equity Tier 1 (CET1) ratio to 11.9%. While the growth in home lending led to a predictable increase in credit risk-weighted assets, a slight deterioration in asset quality is emerging. Mortgage payments overdue by 90 days or more increased by 4 basis points year-over-year to 88 basis points, signaling minor but notable stress among homeowners. Critically, the limited nature of this update means no quarterly cash profit figure was disclosed, precluding a direct assessment of the bank's profitability during the period.
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