Australia and New Zealand Banking Group (ANZ Bank) SWOT & PESTLE Analysis

ID : 52252253| Sep 2020| 12 pages

COMPANY PROFILE -ANZ Bank

Business Sector :Banking and Financial Services

Operating Geography :Australia, New Zealand, Global

About ANZ Bank :

The Australia and New Zealand Banking Group Limited (ANZ Bank) was first opened as Bank of Australia, which opened its first office in Sydney in the year 1835. It then established an office in Melbourne in 1838 which is where its current headquarters is located. ANZ operates in 33 markets globally with representation in Australia, New Zealand, Asia, Pacific, Europe, America and the Middle East.ANZ is the 3rd largest bank in Australia, the largest banking group in New Zealand and Pacific, and among the top 20 banks in the world. It provides a range of banking and financial products and services to over 9 million customers and employs over 50,000 people worldwide.

ANZ Bank Revenue :

A$6.94 billion – Cash Profit (FY ending 30th Sept 2017)

Ownership / Major shareholders :

ANZ is a company that is publicly listed and was established in the year 1977. The Australia and New Zealand Banking Group Limited is the operating company with the main holding. Being one of the 5 largest listed Australian companies, ANZ stands as the No.1 bank in New Zealand as well. The Bank has more than 545,000 shareholders, minus the ANZ employee shares that are held under the bank’s employee share schemes.

Competitive Analysis of ANZ Bank

SWOT

PESTLE

The SWOT analysis for ANZ bank is presented below:

Strengths	Weaknesses
1. Talent Management 2. Environmental and community welfare strategies 3. Continuous Growth 4. Shareholders Delight 5. Rich Value based system	1. Interest rate fixation scandal 2. Controversies and scams 3. Poor Technology
Opportunities	Threats
1. Employee Engagement 2. Environment protection 3. New markets	1. Culture Mismatch 2. Competitor threats in existing & evolving markets. 3. Low Risk Appetite 4. Potential loss of customers due to poor service and controversies

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Detailed SWOT Analysis of ANZ Bank

Strengths

1. Talent Management: In order to ensure high level of customer satisfaction, a lot of focus is given on attracting and managing the right talent. The bank focuses on attracting talent from diverse backgrounds on the basis of age, gender and culture. A lot of focus is also given on rewarding and recognizing employees, continuously reviewing existing working conditions and ensuring good working relations with a view to retain talented employees. The primary aim behind providing all these benefits is to ensure an ethical and customer service oriented workforce.

The PESTLE / PESTEL analysis for ANZ Bank is presented below:

Political	Economical
1. Regulatory bodies and issues 2. RBA and Trans-Council policy implications	1. Economic variables and implications 2. Changes in economy and their implications
Social	Technological
1. Development of Content Strategy 2. Customer focus 3. Societal welfare activities	1. Innovations 2. Existing Technology and issues faced 3. Need for new technology
Legal	Environmental
1. Regulatory Authorities and their proposals 2. Tougher capital buffers 3. Bail-in and its implication	1. Location Strategy 2. Climate change issue 3. Environmental protection activities

Sample Complete Report

This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase.

Free Summary Report

This report contains the table contents only. In case you need the complete report please purchase using the buy options displayed.

* By clicking on "Buy Now" you agree to accept our "Terms and Conditions."

SWOT & PESTLE (combined)
Complete Report
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Detailed Pestle Analysis of ANZ Bank

Political

1. Regulatory bodies and issues: ANZ Bank is a part of the “Big 4” banks in Australia and hence along with the other 3 banks, captures a majority share in the Australian market and makes the market oligopolistic in nature. The Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) since its inception in 1983 has increased trade flows and economic growth in both these countries. The policy against the merger of the Big 4 reflects the broad political unpopularity of bank mergers. ANZ Bank is in effect regulated by both the Reserve Bank of New Zealand and Australian Prudential Regulation Authority (APRA).There are differences in regulatory approach for a same issue, which essentially means doing the same thing twice. This leads to increased compliance costs, increased complexity of training of staffs, complexity of compliance effort and associated administrative costs. These costs are ultimately borne by consumers.

Major Competitors :

Commonwealth Bank, Westpac, National Australia Bank

Major Brands :

BladePay and FastPay Next Generation

Key Business Segments / Diversification :

ANZ Bank

Technology Digital Banking Group operations and services Corporate centers

Recent Acquisition / Mergers / Alliance / Joint Ventures / Divestitures :

Open Table Preview

Name	Business Segment	Year	Type	Objective/Synergy Achieved
Royal Bank of Scotland	Banking and Finance	2009	Acquisition	RBS assets in Indonesia, Singapore and Hong Kong were acquired in order to establish its presence in the Asian Financial Market and compete with other global banks.
National Bank of New Zealand	Banking and Finance	2003	Acquisition	It helped ANZ bank to create a stronger banking system in New Zealand, with better organization and smarter set-up.
Grindlays	Banking and Finance	1984	Acquisition	It's objective was to establish itself outside Australia and New Zealand