KEY INFORMATION SUMMARY for the six
months ended 31 march 2009
Cre d it R atin g· The Bank has three current credit ratings, issued by Standard& Poor’s, Moody’s Investors Service, and Fitch Ratings which
are applicable to its long term senior unsecured obligations
which are payable in New Zealand in New Zealand dollars.
· The Standard & Poor’s credit rating was issued on
22 February 2007. During the two-year period ended
31 March 2009, the Standard & Poor’s credit rating andqualification remained at AA and Outlook Stable.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIES

I n d e p en d ent e x amination R e p ort to t h e Dire c torsof A N Z N ationa l B ank Limite d

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted from
ANZ National Bank Limited’s General Disclosure Statement for the six
months ended 31 March 2009. We have reviewed the interim financial
statements and certain supplementary information contained within that
General Disclosure Statement for the six months ended 31 March 2009,
on which we issued an unqualified review opinion dated 22 May 2009.
Dire c tors ’ R es p onsibi l ities

The Directors are responsible for the preparation and presentation of
the Key Information Summary in accordance with Clauses 20(1) to20(5) of the Registered Bank Disclosure Statement (Full and Half Year New Zealand Incorporated Registered Banks) Order 2008 (the “Order”).

· During the two-year period ended 31 March 2009, theMoody’s Investors Service credit rating and qualification
changed from Aa3 Outlook Stable to Aa2 Outlook Stableon 4 May 2007.

A u d itors ’ R es p onsibi l ities· During the two-year period ended 31 March 2009,
the Fitch Ratings credit rating and qualification
remained at AA- and Outlook Stable. Fitch Ratings
were formally engaged by the Bank on 18 March 2008
to provide credit rating services.
Previously Fitch
Ratings had rated the Bank on an unsolicited basis
as AA-.

B asis of R e p ort

We are responsible for examining the Key Information Summary
presented by the Directors for compliance with the Order, andreporting our findings to you.
We have examined the information contained in the Key Information
Summary and compared it to the corresponding information containedin the General Disclosure Statement for the six months ended
31 March 2009.
Our firm has also provided other services to the Bank and Banking
Group in relation to audit related services. This has not impaired our
independence as auditors of the Bank and Banking Group. The firm has
no other relationship with, or interest in, the Bank and Banking Group.
S tatement of F in d in g s

Based on our examination of the Key Information Summary, we report that:· the Key Information Summary has been prepared in accordancewith the Order; and· the information contained in the Key Information Summary has
been properly extracted, where applicable, from the information
contained in the General Disclosure Statement for the six months
ended 31 March 2009.
For a better understanding of the scope of our examination of ANZ
National Bank Limited’s General Disclosure Statement, and of thebalance sheet of the Banking Group as at 31 March 2009 and theresults of its operations and cash flows for the six months ended onthat date, this report should be read in conjunction with ANZ National
Bank Limited’s General Disclosure Statement for the six months ended
31 March 2009.

KEY INFORMATION SUMMARY for the six
months ended 31 march 2009

For personal use only

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESANZ NATIONAL BANK LIMITED GROUPK E Y I N F OR M AT ION
SUMM ARY

I ntro d u c tory information· The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
· The Bank has a guarantee under the:a) New Zealand Deposit Guarantee Scheme, which isprovided under a Crown Deed of Guarantee enteredinto by the Bank and the Crown on 14 November 2008
and supplemented on 9 December 2008 (“Crown Retail
Guarantee”); andb) New Zealand Wholesale Funding Facility, which isprovided under a Crown Wholesale Funding Guarantee
in respect of the Bank entered into by the Crown on
23 December 2008 and supplemented on 19 February
2009 (“Crown Wholesale Guarantee”).
· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available in the
General Disclosure Statement for the six months
ended 31 March 2009, the most recent Supplemental
Disclosure Statement, and on The Treasury website at
www.treasury.govt.nz.

For the six months ended 31 March 2009
No.53 Issued May 2009

· The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
Cor p orate I nformation· The full name of the registered bank is ANZ National Bank
Limited (the ‘Bank’).
· The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

Our review was completed on 22 May 2009 and our statement ismade as at that date.		
			
Wellington
K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y				

KEY INFORMATION SUMMARY for the six
months ended 31 march 2009
Cre d it R atin g· The Bank has three current credit ratings, issued by Standard& Poor’s, Moody’s Investors Service, and Fitch Ratings which
are applicable to its long term senior unsecured obligations
which are payable in New Zealand in New Zealand dollars.
· The Standard & Poor’s credit rating was issued on
22 February 2007. During the two-year period ended
31 March 2009, the Standard & Poor’s credit rating andqualification remained at AA and Outlook Stable.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIES

I n d e p en d ent e x amination R e p ort to t h e Dire c torsof A N Z N ationa l B ank Limite d

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted from
ANZ National Bank Limited’s General Disclosure Statement for the six
months ended 31 March 2009. We have reviewed the interim financial
statements and certain supplementary information contained within that
General Disclosure Statement for the six months ended 31 March 2009,
on which we issued an unqualified review opinion dated 22 May 2009.

KEY INFORMATION SUMMARY for the six
months ended 31 march 2009
ANZ NATIONAL BANK LIMITED GROUPK E Y I N F OR M AT ION
SUMM ARY

Dire c tors ’ R es p onsibi l ities

The Directors are responsible for the preparation and presentation of
the Key Information Summary in accordance with Clauses 20(1) to20(5) of the Registered Bank Disclosure Statement (Full and Half Year New Zealand Incorporated Registered Banks) Order 2008 (the “Order”).

· During the two-year period ended 31 March 2009, theMoody’s Investors Service credit rating and qualification
changed from Aa3 Outlook Stable to Aa2 Outlook Stableon 4 May 2007.

A u d itors ’ R es p onsibi l ities· During the two-year period ended 31 March 2009,
the Fitch Ratings credit rating and qualification
remained at AA- and Outlook Stable. Fitch Ratings
were formally engaged by the Bank on 18 March 2008
to provide credit rating services.
Previously Fitch
Ratings had rated the Bank on an unsolicited basis
as AA-.

B asis of R e p ort

We are responsible for examining the Key Information Summary
presented by the Directors for compliance with the Order, andreporting our findings to you.
We have examined the information contained in the Key Information
Summary and compared it to the corresponding information containedin the General Disclosure Statement for the six months ended
31 March 2009.

S tatement of F in d in g s

Based on our examination of the Key Information Summary, we report that:· the information contained in the Key Information Summary has
been properly extracted, where applicable, from the information
contained in the General Disclosure Statement for the six months
ended 31 March 2009.
For a better understanding of the scope of our examination of ANZ
National Bank Limited’s General Disclosure Statement, and of thebalance sheet of the Banking Group as at 31 March 2009 and theresults of its operations and cash flows for the six months ended onthat date, this report should be read in conjunction with ANZ National
Bank Limited’s General Disclosure Statement for the six months ended
31 March 2009.

· The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
· The Bank has a guarantee under the:a) New Zealand Deposit Guarantee Scheme, which isprovided under a Crown Deed of Guarantee enteredinto by the Bank and the Crown on 14 November 2008
and supplemented on 9 December 2008 (“Crown Retail
Guarantee”); andb) New Zealand Wholesale Funding Facility, which isprovided under a Crown Wholesale Funding Guarantee
in respect of the Bank entered into by the Crown on
23 December 2008 and supplemented on 19 February
2009 (“Crown Wholesale Guarantee”).

· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available in the
General Disclosure Statement for the six months
ended 31 March 2009, the most recent Supplemental
Disclosure Statement, and on The Treasury website at
www.treasury.govt.nz.

Our firm has also provided other services to the Bank and Banking
Group in relation to audit related services. This has not impaired our
independence as auditors of the Bank and Banking Group. The firm has
no other relationship with, or interest in, the Bank and Banking Group.

· the Key Information Summary has been prepared in accordancewith the Order; andI ntro d u c tory information

For personal use only

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESFor the six months ended 31 March 2009
No.53 Issued May 2009

· The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
Cor p orate I nformation· The full name of the registered bank is ANZ National Bank
Limited (the ‘Bank’).
· The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

Our review was completed on 22 May 2009 and our statement ismade as at that date.		
			
Wellington
K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y

ANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESK ey I nformation S ummary for t h e six months ended 31 march 2009

K ey I nformation S ummary for t h e six months ended 31 march 2009
CONSOLIDATEDCONSOLIDATEDunAUDITED
31/03/2009

unAUDITED
31/03/2008· Net profit after tax for the six months ended 31 March ($m)

488

692

· Net profit after tax for the year ended 31 March as a percentage of average total assets

0.8%

1.1%

For personal use only

Profitabi l ity

S ize – as at 3 1 mar c h· Total assets ($m)· The percentage increase in total assets from 1 April to 31 March

127,941

112,514

13.7%

11.7%

Ca p ita l A d e q ua c y - as at 3 1 mar c h

unAUDITED
31/03/2009

unAUDITED
31/03/2008

Peak Conne c te d Persons Cre d it E x p osures – for t h e t h ree mont h s en d e d 3 1 mar c h ( N ote 2 an d N ote 3 )· The peak end-of-day aggregate credit exposures on a gross basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons (there are no
individual provisions or set-offs) ($m)

7,037

3,112

· The peak end-of-day aggregate credit exposures on a gross basis (exclusive of exposures ofa capital nature and net of individual provisions) to connected persons as a percentage ofTier One Capital (as at the end of the quarter)

107.6%

54.8%· The peak end-of-day aggregate credit exposures on a netted basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons (there are no
individual provisions or set-offs) ($m)

4,175

n/a

63.9%

n/a

· Tier One Capital as a percentage of risk weighted exposures

8.7%

7.4%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%

4.0%

· Total Capital as a percentage of risk weighted exposures

12.3%

9.8%

· Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

· The peak end-of-day aggregate credit exposures on a netted basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons as a percentage
of Tier One Capital (as at the end of the quarter)· The peak end-of-day aggregate credit exposures on partial bilateral net basis (exclusive of
exposures of a capital nature and net of individual provisions) to connected persons (there
are no individual provisions or set-offs) ($m)

2,862

n/a

· The peak end-of-day aggregate credit exposures on partial bilateral net basis (exclusive of
exposures of a capital nature and net of individual provisions) to connected persons as apercentage of Tier One Capital (as at the end of the quarter)

43.8%

n/a

A sset Qua l ity - as at 3 1 mar c h· Total impaired assets (on-balance sheet and off-balance sheet) ($m)

620

177

· Total impaired assets as a percentage of total assets

0.5%

0.2%

· Total individual provisions ($m)

269

51

43.4%

28.8%

607

471

· Total individual provisions as a percentage of total impaired assets· Total collective provisions ($m)
Peak Cre d it E x p osure Con c entrations - for t h e t h ree mont h s en d e d 3 1 mar c h· The number of individual counterparties other than banks or groups of closely related counterparties of which a bank is the parent (excluding
connected persons and the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent), where thepeak end-of-day credit exposures (net of individual provisions $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of
10% of equity, on the basis of limits (Note 1):			
10% to 20% of equity

1

1

The Bank and its subsidiaries have complied with the limits on aggregate credit exposures (exclusive of exposures of a capital nature and net of individual
provisions) to connected persons and non-bank connected persons, as set out in the Bank’s Conditions of Registration, at all times during the quarter andcomparative quarter.												Note 1 – The number of individual counterparties disclosed within the various equity ranges is based on counterparty limits rather than actual exposures outstanding. No account is taken of security and/or
guarantees which the Bank may hold in respect of the various counterparty limits.								Note 2 – The connected exposure balances for 31 March 2008 have been amended for the credit equivalent adjustment for derivatives, in addition to the fair value which was already included. The revisedbalances remain within limits.								Note 3 – With effect from 11 August 2008, netting has occurred in respect of certain transactions which are the subject of a bilateral netting agreement disclosed in the Bank’s most recent Supplemental
Disclosure Statement for the six months ended 31 March 2009.

Avai l abi l ity of Dis c l osure S tatements· The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding connected persons andthe central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent), where the peak end-of-day credit
exposures (net of individual provisions $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on thebasis of actual exposures			
10% to 20% of equity

5

3

20% to 30% of equity

1-

30% to 40% of equity

1

-

K E Y

I N F O R M A T I O N

S U M M A R Y

Copies of ANZ National Bank Limited’s most recent General Disclosure Statement and Supplemental Disclosure Statement will be provided at no charge
immediately to any person requesting a copy where the request is made at ANZ National Bank Limited’s registered head office, Level 14, 215-229 Lambton
Quay, Wellington, and within five working days where the request is made at any branch or agency of ANZ National Bank Limited.
This Key Information Summary, the most recent General Disclosure Statement and Supplemental Disclosure Statement can be accessed at the website
addresses www.anznational.co.nz, www.anz.co.nz and www.nationalbank.co.nz. 				K E YI N F O R M A T I O N

S U M M A R Y

ANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESK ey I nformation S ummary for t h e six months ended 31 march 2009

K ey I nformation S ummary for t h e six months ended 31 march 2009
CONSOLIDATEDCONSOLIDATEDunAUDITED
31/03/2008· Net profit after tax for the six months ended 31 March ($m)

488

692

· Net profit after tax for the year ended 31 March as a percentage of average total assets

0.8%

1.1%

Profitabi l ity

S ize – as at 3 1 mar c h· Total assets ($m)· The percentage increase in total assets from 1 April to 31 March

127,941

112,514

13.7%

11.7%

Ca p ita l A d e q ua c y - as at 3 1 mar c h· Tier One Capital as a percentage of risk weighted exposures

8.7%

7.4%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%

4.0%

· Total Capital as a percentage of risk weighted exposures

12.3%

9.8%

· Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

A sset Qua l ity - as at 3 1 mar c h· Total impaired assets (on-balance sheet and off-balance sheet) ($m)

620

177

· Total impaired assets as a percentage of total assets

0.5%

0.2%

· Total individual provisions ($m)

269

51

43.4%

28.8%

607

471

· Total individual provisions as a percentage of total impaired assets· Total collective provisions ($m)
Peak Cre d it E x p osure Con c entrations - for t h e t h ree mont h s en d e d 3 1 mar c h· The number of individual counterparties other than banks or groups of closely related counterparties of which a bank is the parent (excluding
connected persons and the central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent), where thepeak end-of-day credit exposures (net of individual provisions $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of
10% of equity, on the basis of limits (Note 1):			
10% to 20% of equity

1

1

unAUDITED
31/03/2009

For personal use only

unAUDITED
31/03/2009

unAUDITED
31/03/2008

Peak Conne c te d Persons Cre d it E x p osures – for t h e t h ree mont h s en d e d 3 1 mar c h ( N ote 2 an d N ote 3 )· The peak end-of-day aggregate credit exposures on a gross basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons (there are no
individual provisions or set-offs) ($m)

7,037

3,112

· The peak end-of-day aggregate credit exposures on a gross basis (exclusive of exposures ofa capital nature and net of individual provisions) to connected persons as a percentage ofTier One Capital (as at the end of the quarter)

107.6%

54.8%· The peak end-of-day aggregate credit exposures on a netted basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons (there are no
individual provisions or set-offs) ($m)

4,175

n/a

· The peak end-of-day aggregate credit exposures on a netted basis (exclusive of exposuresof a capital nature and net of individual provisions) to connected persons as a percentage
of Tier One Capital (as at the end of the quarter)

63.9%

n/a

· The peak end-of-day aggregate credit exposures on partial bilateral net basis (exclusive of
exposures of a capital nature and net of individual provisions) to connected persons (there
are no individual provisions or set-offs) ($m)

2,862

n/a

· The peak end-of-day aggregate credit exposures on partial bilateral net basis (exclusive of
exposures of a capital nature and net of individual provisions) to connected persons as apercentage of Tier One Capital (as at the end of the quarter)

43.8%

n/a

The Bank and its subsidiaries have complied with the limits on aggregate credit exposures (exclusive of exposures of a capital nature and net of individual
provisions) to connected persons and non-bank connected persons, as set out in the Bank’s Conditions of Registration, at all times during the quarter andcomparative quarter.												Note 1 – The number of individual counterparties disclosed within the various equity ranges is based on counterparty limits rather than actual exposures outstanding. No account is taken of security and/or
guarantees which the Bank may hold in respect of the various counterparty limits.								Note 2 – The connected exposure balances for 31 March 2008 have been amended for the credit equivalent adjustment for derivatives, in addition to the fair value which was already included. The revisedbalances remain within limits.								Note 3 – With effect from 11 August 2008, netting has occurred in respect of certain transactions which are the subject of a bilateral netting agreement disclosed in the Bank’s most recent Supplemental
Disclosure Statement for the six months ended 31 March 2009.

Avai l abi l ity of Dis c l osure S tatements· The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding connected persons andthe central government of any country with a long-term credit rating of A- or A3 or above, or its equivalent), where the peak end-of-day credit
exposures (net of individual provisions $nil) equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on thebasis of actual exposures			
10% to 20% of equity

5

3

20% to 30% of equity

1-

30% to 40% of equity

1

-

K E Y

I N F O R M A T I O N

S U M M A R Y

Copies of ANZ National Bank Limited’s most recent General Disclosure Statement and Supplemental Disclosure Statement will be provided at no charge
immediately to any person requesting a copy where the request is made at ANZ National Bank Limited’s registered head office, Level 14, 215-229 Lambton
Quay, Wellington, and within five working days where the request is made at any branch or agency of ANZ National Bank Limited.
This Key Information Summary, the most recent General Disclosure Statement and Supplemental Disclosure Statement can be accessed at the website
addresses www.anznational.co.nz, www.anz.co.nz and www.nationalbank.co.nz. 				K E YI N F O R M A T I O N

S U M M A R Y				

KEY INFORMATION SUMMARY for the six
months ended 31 march 2009
Cre d it R atin g· The Bank has three current credit ratings, issued by Standard& Poor’s, Moody’s Investors Service, and Fitch Ratings which
are applicable to its long term senior unsecured obligations
which are payable in New Zealand in New Zealand dollars.
· The Standard & Poor’s credit rating was issued on
22 February 2007. During the two-year period ended
31 March 2009, the Standard & Poor’s credit rating andqualification remained at AA and Outlook Stable.
· During the two-year period ended 31 March 2009, theMoody’s Investors Service credit rating and qualification
changed from Aa3 Outlook Stable to Aa2 Outlook Stableon 4 May 2007.
· During the two-year period ended 31 March 2009,
the Fitch Ratings credit rating and qualification
remained at AA- and Outlook Stable. Fitch Ratings
were formally engaged by the Bank on 18 March 2008
to provide credit rating services.
Previously Fitch
Ratings had rated the Bank on an unsolicited basis
as AA-.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIES

I n d e p en d ent e x amination R e p ort to t h e Dire c torsof A N Z N ationa l B ank Limite d

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted from
ANZ National Bank Limited’s General Disclosure Statement for the six
months ended 31 March 2009. We have reviewed the interim financial
statements and certain supplementary information contained within that
General Disclosure Statement for the six months ended 31 March 2009,
on which we issued an unqualified review opinion dated 22 May 2009.

For personal use only

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the six
months ended 31 march 2009
ANZ NATIONAL BANK LIMITED GROUPK E Y I N F OR M AT ION
SUMM ARY

Dire c tors ’ R es p onsibi l ities

The Directors are responsible for the preparation and presentation of
the Key Information Summary in accordance with Clauses 20(1) to20(5) of the Registered Bank Disclosure Statement (Full and Half Year New Zealand Incorporated Registered Banks) Order 2008 (the “Order”).
We are responsible for examining the Key Information Summary
presented by the Directors for compliance with the Order, andreporting our findings to you.
We have examined the information contained in the Key Information
Summary and compared it to the corresponding information containedin the General Disclosure Statement for the six months ended
31 March 2009.

· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available in the
General Disclosure Statement for the six months
ended 31 March 2009, the most recent Supplemental
Disclosure Statement, and on The Treasury website at
www.treasury.govt.nz.

Our firm has also provided other services to the Bank and Banking
Group in relation to audit related services. This has not impaired our
independence as auditors of the Bank and Banking Group. The firm has
no other relationship with, or interest in, the Bank and Banking Group.
S tatement of F in d in g s

Based on our examination of the Key Information Summary, we report that:

For a better understanding of the scope of our examination of ANZ
National Bank Limited’s General Disclosure Statement, and of thebalance sheet of the Banking Group as at 31 March 2009 and theresults of its operations and cash flows for the six months ended onthat date, this report should be read in conjunction with ANZ National
Bank Limited’s General Disclosure Statement for the six months ended
31 March 2009.

· The Bank has a guarantee under the:b) New Zealand Wholesale Funding Facility, which isprovided under a Crown Wholesale Funding Guarantee
in respect of the Bank entered into by the Crown on
23 December 2008 and supplemented on 19 February
2009 (“Crown Wholesale Guarantee”).

B asis of R e p ort· the information contained in the Key Information Summary has
been properly extracted, where applicable, from the information
contained in the General Disclosure Statement for the six months
ended 31 March 2009.

· The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
a) New Zealand Deposit Guarantee Scheme, which isprovided under a Crown Deed of Guarantee enteredinto by the Bank and the Crown on 14 November 2008
and supplemented on 9 December 2008 (“Crown Retail
Guarantee”); andA u d itors ’ R es p onsibi l ities· the Key Information Summary has been prepared in accordancewith the Order; andI ntro d u c tory information

For the six months ended 31 March 2009
No.53 Issued May 2009

· The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
Cor p orate I nformation· The full name of the registered bank is ANZ National Bank
Limited (the ‘Bank’).
· The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

Our review was completed on 22 May 2009 and our statement ismade as at that date.		
			
Wellington
K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y				

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the six
months ended 31 march 2009

For personal use only

Cre d it R atin g· The Bank has three current credit ratings, issued by Standard& Poor’s, Moody’s Investors Service, and Fitch Ratings which
are applicable to its long term senior unsecured obligations
which are payable in New Zealand in New Zealand dollars.
· The Standard & Poor’s credit rating was issued on
22 February 2007. During the two-year period ended
31 March 2009, the Standard & Poor’s credit rating andqualification remained at AA and Outlook Stable.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIES

I n d e p en d ent e x amination R e p ort to t h e Dire c torsof A N Z N ationa l B ank Limite d

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted from
ANZ National Bank Limited’s General Disclosure Statement for the six
months ended 31 March 2009. We have reviewed the interim financial
statements and certain supplementary information contained within that
General Disclosure Statement for the six months ended 31 March 2009,
on which we issued an unqualified review opinion dated 22 May 2009.

KEY INFORMATION SUMMARY for the six
months ended 31 march 2009
ANZ NATIONAL BANK LIMITED GROUPK E Y I N F OR M AT ION
SUMM ARY

Dire c tors ’ R es p onsibi l ities

The Directors are responsible for the preparation and presentation of
the Key Information Summary in accordance with Clauses 20(1) to20(5) of the Registered Bank Disclosure Statement (Full and Half Year New Zealand Incorporated Registered Banks) Order 2008 (the “Order”).

· During the two-year period ended 31 March 2009, theMoody’s Investors Service credit rating and qualification
changed from Aa3 Outlook Stable to Aa2 Outlook Stableon 4 May 2007.

A u d itors ’ R es p onsibi l ities· During the two-year period ended 31 March 2009,
the Fitch Ratings credit rating and qualification
remained at AA- and Outlook Stable. Fitch Ratings
were formally engaged by the Bank on 18 March 2008
to provide credit rating services.
Previously Fitch
Ratings had rated the Bank on an unsolicited basis
as AA-.

B asis of R e p ort· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available in the
General Disclosure Statement for the six months
ended 31 March 2009, the most recent Supplemental
Disclosure Statement, and on The Treasury website at
www.treasury.govt.nz.

Our firm has also provided other services to the Bank and Banking
Group in relation to audit related services. This has not impaired our
independence as auditors of the Bank and Banking Group. The firm has
no other relationship with, or interest in, the Bank and Banking Group.
S tatement of F in d in g s

Based on our examination of the Key Information Summary, we report that:

For a better understanding of the scope of our examination of ANZ
National Bank Limited’s General Disclosure Statement, and of thebalance sheet of the Banking Group as at 31 March 2009 and theresults of its operations and cash flows for the six months ended onthat date, this report should be read in conjunction with ANZ National
Bank Limited’s General Disclosure Statement for the six months ended
31 March 2009.

· The Bank has a guarantee under the:b) New Zealand Wholesale Funding Facility, which isprovided under a Crown Wholesale Funding Guarantee
in respect of the Bank entered into by the Crown on
23 December 2008 and supplemented on 19 February
2009 (“Crown Wholesale Guarantee”).

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information containedin the General Disclosure Statement for the six months ended
31 March 2009.

· the information contained in the Key Information Summary has
been properly extracted, where applicable, from the information
contained in the General Disclosure Statement for the six months
ended 31 March 2009.

· The purpose of this Key Information Summary is to provide
customers and potential customers with information about
the financial condition of their bank.
a) New Zealand Deposit Guarantee Scheme, which isprovided under a Crown Deed of Guarantee enteredinto by the Bank and the Crown on 14 November 2008
and supplemented on 9 December 2008 (“Crown Retail
Guarantee”); andWe are responsible for examining the Key Information Summary
presented by the Directors for compliance with the Order, andreporting our findings to you.

· the Key Information Summary has been prepared in accordancewith the Order; andI ntro d u c tory information

For the six months ended 31 March 2009
No.53 Issued May 2009

· The information contained in the Key Information Summaryis explained in the Reserve Bank publication “Your Bank’s
Disclosure Statement - What’s In It For You?”, which can beobtained from the Reserve Bank.
Cor p orate I nformation· The full name of the registered bank is ANZ National Bank
Limited (the ‘Bank’).
· The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

Our review was completed on 22 May 2009 and our statement ismade as at that date.		
			
Wellington
K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

I N F O R M A T I O N

S U M M A R Y