ANZ National Bank Limited
and Subsidiary Companies
Key Information Summary for the six months ended
31 March 2010
Government Guarantees· The Bank has guarantees under the:· New Zealand Deposit Guarantee Scheme, which
was provided under a Deed entered into by
the Bank and the Crown on 18 December 2009(“Crown Retail Guarantee”); and· New Zealand Wholesale Funding Facility, which
is provided under a Deed entered into by theBank and the Crown on 23 December 2008 andsupplemented on 19 February 2009 (“CrownWholesale Guarantee”).
· Further information about the Crown Retail Guarantee
and Crown Wholesale Guarantee is available on theTreasury website www.treasury.govt.nz and in theBank’s most recent General Disclosure Statement andSupplemental Disclosure Statement.

ANZ National Bank Limited
and Subsidiary Companies
Key Information Summary for the six months ended
31 March 2010

Independent Examination Report to the Directors ofANZ National Bank Limited
We have examined the attached Key Information Summary. The
information in the Key Information Summary has been extracted
from the General Disclosure Statement of ANZ National Bank
Limited and its subsidiaries (the “Banking Group”) for the sixmonths ended 31 March 2010 prepared in accordance with theRegistered Bank Disclosure Statement (Full and Half-Year – New
Zealand Incorporated Registered Banks) Order 2008 (the “Order”).

Introductory information· The purpose of this Key Information Summary is toprovide customers and potential customers withinformation 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 theReserve Bank.

We have reviewed the interim financial statements and certain
supplementary information contained within the General
Disclosure Statement for the six months ended 31 March 2010, on
which we issued an unqualified review opinion dated 21 May 2010.
Directors’ Responsibilities
The Directors are responsible for the preparation and presentationof the Key Information Summary in accordance with the Order.
Auditor’s Responsibilities
In accordance with the Order, we are responsible for examining
the Key Information Summary presented by the Directors forcompliance with the Order, and reporting our findings to you.
Basis of Report
We have examined the information contained in the Key
Information Summary and compared it to the corresponding
information contained in the General Disclosure Statement forthe six months ended 31 March 2010.
Unqualified Statement of Findings
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 2010.
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 2010 and theresults of their operations and cash flows for the six months ended
on that date, this report should be read in conjunction with theGeneral Disclosure Statement for the six months ended 31 March2010 from which the information in the Key Information Summary
was extracted and our independent review report thereon.
Our review was completed on 21 May 2010 and our unqualifiedstatement of findings is expressed as at that date.

Wellington

Key Information Summary
ANZ NATIONAL BANK LIMITEDFor the six months ended 31 March 2010
Number 57 Issued May 2010

Corporate information· 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
is Australia and New Zealand Banking Group Limited,which is domiciled in Australia.
Credit Rating· The Bank has three current credit ratings, issued
by Standard & Poor’s, Moody’s Investors Service,and Fitch Ratings which are applicable to its longterm senior unsecured obligations which are payable
in New Zealand in New Zealand dollars.
· During the two-year period ended 31 March 2010,
the Standard & Poor’s credit rating and qualification
remained at AA and Outlook Stable.
· During the two-year period ended 31 March 2010,
the Moody’s Investors Service credit rating andqualification remained at Aa2 and Outlook Stable.
· During the two-year period ended 31 March 2010, theFitch Ratings credit rating and qualification remainedat AA- and Outlook Stable. On 20 May 2010 Fitch
Ratings revised the qualification to Outlook Positive.

ANZ National Bank Limited and Subsidiary Companies

ANZ National Bank Limited and Subsidiary Companies

Key Information Summary for the six months ended 31 March 2010

Key Information Summary for the six months ended 31 March 2010
Peak Credit Exposure Concentrations – for the three months ended 31 MarchCONSOLIDATED
Unaudited
31/03/2010

Unaudited
31/03/2009· Net profit after tax for the six months ended 31 March ($m)

367

488

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

0.1%

0.8%

Profitability

Size – as at 31 March

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:
CONSOLIDATED

113,577

127,941· The percentage (decrease) increase in total assets from 1 April to 31 March(11.2%)

13.7%· Tier One Capital as a percentage of risk weighted exposures

9.5%

8.7%

· Reserve Bank of New Zealand minimum Tier One Capital ratio

4.0%

4.0%

· Total Capital as a percentage of risk weighted exposures

13.2%

12.3%

· Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

· Total impaired assets ($m)

1,712

629

· Total impaired assets as a percentage of total assets

1.5%

0.5%

· Total individual provisions ($m)

601

269

35.1%

42.8%

856

607

--

Capital Adequacy – as at 31 March· Non-financial assets acquired through enforcement of security ($m)

11

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

3

520% to 30% of equity-

130% to 40% of equity-1

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.

Asset Quality – as at 31 March· Total collective provisions ($m)

Unaudited
31/03/2009

10% to 20% of equity· Total assets ($m)

· Total individual provisions as a percentage of total impaired assets

Unaudited
31/03/2010

CONSOLIDATED
Unaudited 31/03/2010

Unaudited 31/03/2009

Amount$m% of Tier
One Capital

Amount$m% of Tier
One Capital

4,264

62.9%

7,037

107.6%The peak end-of-day aggregate credit exposures to connected persons were:· On a gross basis· On a netted basis

2,715

40.1%

4,175

63.9%

· On a partial bilateral net basis1

1,549

22.8%

2,862

43.8%

There were no individual provisions on exposures to connected persons and the information stated above excludes exposures of a capitalnature. The Bank and its subsidiaries have complied with the limits on aggregate credit exposures to connected persons and non-bankconnected persons, as set out in the Bank’s Conditions of Registration, at all times during the period and comparative period.
1With 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 2010.

Availability of Disclosure Statements
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 6,
1 Victoria Street, 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 thewebsite address www.anz.com.