ANZ Grindlays Bank Company Profile

ANZ Grindlays Bank Company Profile


The company is a wholly owned controlled entity of Australian & New Zealand Banking Group Ltd. (ANZ) incorporated in Melbourne, Victoria. ANZ is one of the four banking groups headquartered in Australia. ANZ ranked second among Australian banking groups in terms of total assets (US $ 94.17 bn) and in terms of shareholders' equity (US $ 6.95 bn). ANZ conducts its operations primarily in Australia (approximately 70 % of total assets at September 30, 1999) with significant operations in New Zealand (approximately 13 % of total assets at September 30, 1999). The balance of ANZ's operations are conducted in the UK, India, the US and 34 other countries.
ANZ Grindlays Bank Limited opened its first branch in India in 1854 and today is the largest foreign bank branch network in the country. The Bank services over 4,00,000 customers through its 40 branches and a team of over 3,000 staff. In India, the Bank offers services in two main lines of business: - Personal Financial Services and Corporate Financial Services.
As per the recent study performed by Business Standard, ANZ Grindlays Bank ranked 14th among 30 Foreign Banks and 27th out of 76 banks in the study. Other rankings were Productivity - 34th, Profitability - 31st, Efficiency - 14th, Safety - 56th, Growth - 27th.

Major line of Business:

ANZ specializes in personal financial services and corporate financial services.

Select Products and Services:

Personal Financial Services comprises of Personal Banking, Card Services, Asset Finance and Funds Management.
Corporate Financial Services comprises of Corporate Banking and Investment Banking.

Key Differentiating Factors:

ANZ stood 2nd in terms of deposits and Net NPA / Net Advances. It was ranked 8th in the terms of CRAR and 5th in terms of Return on Assets.

Financial Statistics:

Income (1999) : Rs. 1365.97 Crores
Income (1998) : Rs. 1190.70 Crores

Net Profit (1999) : Rs. 175.91 Crores
Net Profit (1998) : Rs. 230.07 Crores

Personnel Highlights:

Employees: 3000

Opportunities:

The opportunities for Indian MBAs exist in retail banking, corporate banking and investment banking.

Contact:

ANZ Grindlays Bank Limited
Grindlays Gardens, 1 Haddows Road
Chennai 600 006
India
Facsimile: (91-44) 821 1482
Telephone: (91-44) 822 0234

Website:
www.anz.com