Australia and New Zealand Banking Group Limited operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Australia and New Zealand Banking Group Limited with three other
banks in Australasia:
Bendigo and Adelaide Bank Ltd
(2017
sales of 3.01 billion Australian Dollars [US$2.34 billion]
of which 31%
was Local connection),
Commonwealth Bank of Australia
(41.21 billion Australian Dollars [US$32.00 billion]
of which 27%
was Retail Banking Services), and
Westpac Banking Corporation
(37.22 billion Australian Dollars [US$28.89 billion]
of which 20%
was Consumer Bank).
Sales Analysis.
During the year ended September of 2017, sales at
Australia and New Zealand Banking Group Limited were A$39.50 billion (US$30.67 billion).
This
is
a very small
increase of 0.7%
versus 2016, when the company's sales were A$39.21 billion.
Despite this increase, sales are still
slightly
below the level achieved in 2015, when Australia and New Zealand Banking Group Limited
reported sales of A$39.97 billion.
The sales level in 2017 was fairly close to the level five years ago: in 2012, Australia and New Zealand Banking Group Limited had sales
of A$36.16 billion.
Sales of New Zealand saw an increase
that was more than double the company's growth rate: sales were up
74.7% in 2017, from
A$3.09 billion to A$5.40 billion.
Australia and New Zealand Banking Group Limited also saw significant increases in sales in
Australia (up 68.9% to A$15.89 billion)
and
Institutional (up 34.5% to A$6.96 billion)
.
Not all segments of Australia and New Zealand Banking Group Limited experienced an increase in sales in 2017:
sales of Wealth Australia fell 94.2% to A$73.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).
Australia and New Zealand Banking Group Limited also experienced decreases in sales in
Asia Retail and Pacific (down 41.7% to A$685.00 million)
and
Tso and Group Center (down 75.2% to A$118.00 million)
.