ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the year ended
30 September 2009
Gov ernment Guarantees· The Bank has guarantees under the:-	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”); and-	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 andCrown Wholesale Guarantee is available in the General
Disclosure Statement for the year ended 30 September
2009, the most recent Supplemental Disclosure Statement,
and on The Treasury website at www.treasury.govt.nz.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESA U D I TO R ’ S R E P O RT TO T H E s h are h o l d er O F
A N Z N AT I O N A L B A N K L I M I T E D

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted fromthe General Disclosure Statement of ANZ National Bank Limited (the“Bank”) and its related entities (the “Banking Group”) for the year ended
30 September 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Full and Half-Year – New Zealand Incorporated
Registered Banks) Order 2008 (the “Order”).
We have audited the financial statements and certain supplementary
information contained within the General Disclosure Statement for
the year ended 30 September 2009, on which we issued an unqualified
opinion dated 13 November 2009.

KEY INFORMATION SUMMARY for the year ended
30 September 2009
ANZ 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 information contained in the Key Information
Summary is explained in the Reserve Bank publication“Your Bank’s Disclosure Statement - What’s In It For You?”.
This publication can be obtained from the Reserve Bank.

Dire c tors ’ R es p onsi b i l ities

Cor p orate I nformation

The Directors are responsible for the preparation and presentation of the
Key Information Summary in accordance with the Order.

· The full name of the registered bank is ANZ National Bank
Limited (the “Bank”).

A u d itors ’ R es p onsi b i l ities. The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

In accordance with the Order, we are responsible for examining the Key
Information Summary presented by the Directors for compliance with
the Order, and reporting our findings to you.

Cre d it R atin g

Basis of R e p ort· 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.

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information contained in
the General Disclosure Statement for the year ended 30 September 2009.
U n q ua l ifie d S tatement of F in d in g s· During the two-year period ended 30 September 2009, theStandard & Poor’s credit rating and qualification remainedat AA and Outlook Stable.

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 year ended
30 September 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 Bank and Banking Group as at 30 September 2009
and the results of their operations and cash flows for the year ended onthat date, this report should be read in conjunction with the General
Disclosure Statement for the year ended 30 September 2009 fromwhich the information in the Key Information Summary was extracted
and our auditor’s report thereon.

For the year ended 30 September 2009
No 55 Issued November 2009

· During the two-year period ended 30 September 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa2 and Outlook Stable.
· During the two-year period ended 30 September 2009,
the Fitch Ratings credit rating and qualification remainedat AA- and Outlook Stable. Fitch Ratings were formallyengaged by the Bank on 18 March 2008 to provide credit
rating services. Previously Fitch Ratings had rated the Bankon an unsolicited basis as AA-.

Our audit was completed on 13 November 2009 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

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S U M M A R Y				

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the year ended
30 September 2009
Gov ernment Guarantees· The Bank has guarantees under the:-	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”); and-	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 andCrown Wholesale Guarantee is available in the General
Disclosure Statement for the year ended 30 September
2009, the most recent Supplemental Disclosure Statement,
and on The Treasury website at www.treasury.govt.nz.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESA U D I TO R ’ S R E P O RT TO T H E s h are h o l d er O F
A N Z N AT I O N A L B A N K L I M I T E D

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted fromthe General Disclosure Statement of ANZ National Bank Limited (the“Bank”) and its related entities (the “Banking Group”) for the year ended
30 September 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Full and Half-Year – New Zealand Incorporated
Registered Banks) Order 2008 (the “Order”).
We have audited the financial statements and certain supplementary
information contained within the General Disclosure Statement for
the year ended 30 September 2009, on which we issued an unqualified
opinion dated 13 November 2009.

KEY INFORMATION SUMMARY for the year ended
30 September 2009
ANZ 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 information contained in the Key Information
Summary is explained in the Reserve Bank publication“Your Bank’s Disclosure Statement - What’s In It For You?”.
This publication can be obtained from the Reserve Bank.

Dire c tors ’ R es p onsi b i l ities

Cor p orate I nformation

The Directors are responsible for the preparation and presentation of the
Key Information Summary in accordance with the Order.

· The full name of the registered bank is ANZ National Bank
Limited (the “Bank”).

A u d itors ’ R es p onsi b i l ities. The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

In accordance with the Order, we are responsible for examining the Key
Information Summary presented by the Directors for compliance with
the Order, and reporting our findings to you.

Cre d it R atin g

Basis of R e p ort· 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.

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information contained in
the General Disclosure Statement for the year ended 30 September 2009.
U n q ua l ifie d S tatement of F in d in g s· During the two-year period ended 30 September 2009, theStandard & Poor’s credit rating and qualification remainedat AA and Outlook Stable.

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 year ended
30 September 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 Bank and Banking Group as at 30 September 2009
and the results of their operations and cash flows for the year ended onthat date, this report should be read in conjunction with the General
Disclosure Statement for the year ended 30 September 2009 fromwhich the information in the Key Information Summary was extracted
and our auditor’s report thereon.

For the year ended 30 September 2009
No 55 Issued November 2009

· During the two-year period ended 30 September 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa2 and Outlook Stable.
· During the two-year period ended 30 September 2009,
the Fitch Ratings credit rating and qualification remainedat AA- and Outlook Stable. Fitch Ratings were formallyengaged by the Bank on 18 March 2008 to provide credit
rating services. Previously Fitch Ratings had rated the Bankon an unsolicited basis as AA-.

Our audit was completed on 13 November 2009 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

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ANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESANZ NATIONAL BANK LIMITED AND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the year ended 30 September 2009

KEY INFORMATION SUMMARY for the year ended 30 September 2009
P E A K C R E D I T E X P O S U R E C O N C E N T R AT I O N S – F O R T H E T H R E E M O N T H S E N D E D 3 0 S E P T E M B E R

CONSOLIDATEDAUDITED
30/09/2009

AUDITED
30/09/2008· Net profit after tax for the year ended 30 September ($m)

298

1,163

· Net profit after tax for the year ended 30 September as a percentage of average total assets

0.2%

1.0%

· Total assets ($m)

117,891

122,915· The percentage (decrease) increase in total assets from 1 October to 30 September(4.1%)

14.0%· Tier One Capital as a percentage of risk weighted exposures

9.0%

8.1%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%

4.0%

· Minimum Tier One Capital ratio under Crown Wholesale Guarantee

6.0%

n/a

· Total Capital as a percentage of risk weighted exposures

12.7%

11.7%

· Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

· There were no individual provisions on the exposures included in the disclosures above. No account is taken of security and/or guarantees which
the Bank may hold in respect of the various counterparty limits and exposures.

· Total impaired assets ($m)

1,178

327

PEAK CONNECTED PERSONS CREDIT EXPOSURES – FOR THE THREE MONTHS ENDED 30 SEPTEMBER· Total impaired assets as a percentage of total assets

1.0%

0.3%

Profita b i l ity· The number of individual counterparties (excluding banks or groups of closely related counterparties of which a bank is the parent, connected persons,and the central government of any country with a long-term credit rating of A-/A3 or above, or its equivalent) where the peak end-of-day credit
exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis of counterparty limits, is:
CONSOLIDATEDS I Z E – A S AT 3 0 S E P T E M B E R

Ca p ita l A d e q ua c y – A S AT 3 0 S E P T E M B E R

AUDITED
30/09/2009

AUDITED
30/09/2008

1

1

10% to 20% of equity· The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding connected persons) where
the peak end-of-day credit exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis ofactual counterparty exposures, is:
10% to 20% of equity

2

2

20% to 30% of equity

2

1

30% to 40% of equity--

A sset Qua l ity – A S AT 3 0 S E P T E M B E R
CONSOLIDATEDAUDITED 30/09/2009· Total individual provisions ($m)
· Total individual provisions as a percentage of total impaired assets

474

132

AUDITED 30/09/2008

Amount$m% of tierone capital

Amount$m% of tierone capital						The peak end-of-day aggregate credit exposures to connected persons were:

40.2%

39.6%

· Total collective provisions ($m)

798

534

· On a gross basis

5,490

85.2%

4,250

69.3%

· Off-balance sheet impaired assets ($m)

32

6· On a netted basis

2,693

41.8%

2,889

47.1%

-

-

· On a partial bilateral net basis

2,797

43.4%

1,361

22.2%

· Non-financial assets acquired through enforcement of security ($m)

1There were no individual provisions on exposures to connected persons and the information stated above excludes exposures of a capital nature. The Bankand its subsidiaries have complied with the limits on aggregate credit exposures to connected persons and non-bank connected persons, as set out in the
Bank’s Conditions of Registration, at all times during the quarter and comparative quarter.
1. 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 DisclosureStatement for the year ended 30 September 2009.

Avai l a b i l ity of Dis c l osure S tatements

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 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.anz.co.nz and www.nationalbank.co.nz.

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 COMPANIESKEY INFORMATION SUMMARY for the year ended 30 September 2009

KEY INFORMATION SUMMARY for the year ended 30 September 2009
P E A K C R E D I T E X P O S U R E C O N C E N T R AT I O N S – F O R T H E T H R E E M O N T H S E N D E D 3 0 S E P T E M B E R

CONSOLIDATEDAUDITED
30/09/2009

AUDITED
30/09/2008· Net profit after tax for the year ended 30 September ($m)

298

1,163

· Net profit after tax for the year ended 30 September as a percentage of average total assets

0.2%

1.0%

· Total assets ($m)

117,891

122,915· The percentage (decrease) increase in total assets from 1 October to 30 September(4.1%)

14.0%· Tier One Capital as a percentage of risk weighted exposures

9.0%

8.1%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%

4.0%

· Minimum Tier One Capital ratio under Crown Wholesale Guarantee

6.0%

n/a

· Total Capital as a percentage of risk weighted exposures

12.7%

11.7%

· Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

· There were no individual provisions on the exposures included in the disclosures above. No account is taken of security and/or guarantees which
the Bank may hold in respect of the various counterparty limits and exposures.

· Total impaired assets ($m)

1,178

327

PEAK CONNECTED PERSONS CREDIT EXPOSURES – FOR THE THREE MONTHS ENDED 30 SEPTEMBER· Total impaired assets as a percentage of total assets

1.0%

0.3%

Profita b i l ity· The number of individual counterparties (excluding banks or groups of closely related counterparties of which a bank is the parent, connected persons,and the central government of any country with a long-term credit rating of A-/A3 or above, or its equivalent) where the peak end-of-day credit
exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis of counterparty limits, is:
CONSOLIDATEDS I Z E – A S AT 3 0 S E P T E M B E R

Ca p ita l A d e q ua c y – A S AT 3 0 S E P T E M B E R

AUDITED
30/09/2009

AUDITED
30/09/2008

1

1

10% to 20% of equity· The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding connected persons) where
the peak end-of-day credit exposures equals or exceeds 10% of equity (as at the end of the quarter) in ranges of 10% of equity, on the basis ofactual counterparty exposures, is:
10% to 20% of equity

2

2

20% to 30% of equity

2

1

30% to 40% of equity--

A sset Qua l ity – A S AT 3 0 S E P T E M B E R
CONSOLIDATEDAUDITED 30/09/2009· Total individual provisions ($m)
· Total individual provisions as a percentage of total impaired assets

474

132

AUDITED 30/09/2008

Amount$m% of tierone capital

Amount$m% of tierone capital						The peak end-of-day aggregate credit exposures to connected persons were:

40.2%

39.6%

· Total collective provisions ($m)

798

534

· On a gross basis

5,490

85.2%

4,250

69.3%

· Off-balance sheet impaired assets ($m)

32

6· On a netted basis

2,693

41.8%

2,889

47.1%

-

-

· On a partial bilateral net basis

2,797

43.4%

1,361

22.2%

· Non-financial assets acquired through enforcement of security ($m)

1There were no individual provisions on exposures to connected persons and the information stated above excludes exposures of a capital nature. The Bankand its subsidiaries have complied with the limits on aggregate credit exposures to connected persons and non-bank connected persons, as set out in the
Bank’s Conditions of Registration, at all times during the quarter and comparative quarter.
1. 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 DisclosureStatement for the year ended 30 September 2009.

Avai l a b i l ity of Dis c l osure S tatements

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 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.anz.co.nz and www.nationalbank.co.nz.

K E Y

I N F O R M A T I O N

S U M M A R Y

K E Y

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S U M M A R Y				

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the year ended
30 September 2009
Gov ernment Guarantees· The Bank has guarantees under the:-	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”); and-	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 andCrown Wholesale Guarantee is available in the General
Disclosure Statement for the year ended 30 September
2009, the most recent Supplemental Disclosure Statement,
and on The Treasury website at www.treasury.govt.nz.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESA U D I TO R ’ S R E P O RT TO T H E s h are h o l d er O F
A N Z N AT I O N A L B A N K L I M I T E D

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted fromthe General Disclosure Statement of ANZ National Bank Limited (the“Bank”) and its related entities (the “Banking Group”) for the year ended
30 September 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Full and Half-Year – New Zealand Incorporated
Registered Banks) Order 2008 (the “Order”).
We have audited the financial statements and certain supplementary
information contained within the General Disclosure Statement for
the year ended 30 September 2009, on which we issued an unqualified
opinion dated 13 November 2009.

KEY INFORMATION SUMMARY for the year ended
30 September 2009
ANZ 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 information contained in the Key Information
Summary is explained in the Reserve Bank publication“Your Bank’s Disclosure Statement - What’s In It For You?”.
This publication can be obtained from the Reserve Bank.

Dire c tors ’ R es p onsi b i l ities

Cor p orate I nformation

The Directors are responsible for the preparation and presentation of the
Key Information Summary in accordance with the Order.

· The full name of the registered bank is ANZ National Bank
Limited (the “Bank”).

A u d itors ’ R es p onsi b i l ities. The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

In accordance with the Order, we are responsible for examining the Key
Information Summary presented by the Directors for compliance with
the Order, and reporting our findings to you.

Cre d it R atin g

Basis of R e p ort· 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.

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information contained in
the General Disclosure Statement for the year ended 30 September 2009.
U n q ua l ifie d S tatement of F in d in g s· During the two-year period ended 30 September 2009, theStandard & Poor’s credit rating and qualification remainedat AA and Outlook Stable.

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 year ended
30 September 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 Bank and Banking Group as at 30 September 2009
and the results of their operations and cash flows for the year ended onthat date, this report should be read in conjunction with the General
Disclosure Statement for the year ended 30 September 2009 fromwhich the information in the Key Information Summary was extracted
and our auditor’s report thereon.

For the year ended 30 September 2009
No 55 Issued November 2009

· During the two-year period ended 30 September 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa2 and Outlook Stable.
· During the two-year period ended 30 September 2009,
the Fitch Ratings credit rating and qualification remainedat AA- and Outlook Stable. Fitch Ratings were formallyengaged by the Bank on 18 March 2008 to provide credit
rating services. Previously Fitch Ratings had rated the Bankon an unsolicited basis as AA-.

Our audit was completed on 13 November 2009 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

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S U M M A R Y				

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESKEY INFORMATION SUMMARY for the year ended
30 September 2009
Gov ernment Guarantees· The Bank has guarantees under the:-	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”); and-	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 andCrown Wholesale Guarantee is available in the General
Disclosure Statement for the year ended 30 September
2009, the most recent Supplemental Disclosure Statement,
and on The Treasury website at www.treasury.govt.nz.

ANZ NATIONAL BANK LIMITEDAND SUBSIDIARY COMPANIESA U D I TO R ’ S R E P O RT TO T H E s h are h o l d er O F
A N Z N AT I O N A L B A N K L I M I T E D

We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted fromthe General Disclosure Statement of ANZ National Bank Limited (the“Bank”) and its related entities (the “Banking Group”) for the year ended
30 September 2009 prepared in accordance with the Registered Bank
Disclosure Statement (Full and Half-Year – New Zealand Incorporated
Registered Banks) Order 2008 (the “Order”).
We have audited the financial statements and certain supplementary
information contained within the General Disclosure Statement for
the year ended 30 September 2009, on which we issued an unqualified
opinion dated 13 November 2009.

KEY INFORMATION SUMMARY for the year ended
30 September 2009
ANZ 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 information contained in the Key Information
Summary is explained in the Reserve Bank publication“Your Bank’s Disclosure Statement - What’s In It For You?”.
This publication can be obtained from the Reserve Bank.

Dire c tors ’ R es p onsi b i l ities

Cor p orate I nformation

The Directors are responsible for the preparation and presentation of the
Key Information Summary in accordance with the Order.

· The full name of the registered bank is ANZ National Bank
Limited (the “Bank”).

A u d itors ’ R es p onsi b i l ities. The full name of the ultimate parent bank of the Bank isAustralia and New Zealand Banking Group Limited, which
is domiciled in Australia.

In accordance with the Order, we are responsible for examining the Key
Information Summary presented by the Directors for compliance with
the Order, and reporting our findings to you.

Cre d it R atin g

Basis of R e p ort· 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.

We have examined the information contained in the Key Information
Summary and compared it to the corresponding information contained in
the General Disclosure Statement for the year ended 30 September 2009.
U n q ua l ifie d S tatement of F in d in g s· During the two-year period ended 30 September 2009, theStandard & Poor’s credit rating and qualification remainedat AA and Outlook Stable.

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 year ended
30 September 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 Bank and Banking Group as at 30 September 2009
and the results of their operations and cash flows for the year ended onthat date, this report should be read in conjunction with the General
Disclosure Statement for the year ended 30 September 2009 fromwhich the information in the Key Information Summary was extracted
and our auditor’s report thereon.

For the year ended 30 September 2009
No 55 Issued November 2009

· During the two-year period ended 30 September 2009, theMoody’s Investors Service credit rating and qualification
remained at Aa2 and Outlook Stable.
· During the two-year period ended 30 September 2009,
the Fitch Ratings credit rating and qualification remainedat AA- and Outlook Stable. Fitch Ratings were formallyengaged by the Bank on 18 March 2008 to provide credit
rating services. Previously Fitch Ratings had rated the Bankon an unsolicited basis as AA-.

Our audit was completed on 13 November 2009 and our unqualifiedstatement of findings is expressed as at that date.
Wellington

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