ANZ New Zealand has reported a cash net profit after tax of $2.37 billion for the year to 30 September 2025, up 4 percent on the previous year, as the bank signals confidence in the country’s “economic recovery”.
Statutory profit rose 21 percent to $2.53 billion, largely driven by $163 million in gains from economic hedges that had produced losses the year before. Revenue grew 2 percent, while expenses rose 3 percent, reflecting ongoing inflationary pressures. Customer deposits climbed 5 percent and lending increased 4 percent, with funds under management up 6 percent to $41.9 billion.
Chief Executive Antonia Watson said the results reflect an economy “turning the corner” after a long post-Covid adjustment. “It has taken New Zealand longer than hoped to recover, but there are now signs the nation’s economy is finally picking up,” she said. “Lower inflation and falling interest rates should flow through and boost the recovery as we head into the new year.”
Watson said household and business balance sheets “were improving”, with house prices stabilising and rural sectors leading the rebound. She predicted a return to pre-Covid economic levels by late 2026, provided there were no major disruptions.
Despite a competitive lending environment, ANZ’s net interest margin edged up three basis points to 2.60 percent. Many borrowers are using lower rates to pay off debt faster, and the bank reported that 40 percent of home loan customers are now more than six months ahead on repayments.
The bank also highlighted a $550 million annual investment in technology, including cloud-based systems, digital upgrades to its goMoney app, and enhanced fraud-prevention measures that blocked or recovered more than $45 million in scams during the year.
ANZ, which employs about 7,000 people across New Zealand, paid more than $1 billion in tax, $550 million to suppliers, and around $1 billion in wages. Watson said the bank’s $20 billion capital investment in the country positioned it to continue supporting households, businesses, and the national recovery.
This actually sickens me!
It doesn’t sicken finance minister Willis though.
Willis is responsible.for investigating amd prosecuting the cartel behaviour of the Aussie banks, who extracted $8b in excess profits from NZers this year. Meanwhile tens of thousands of NZ businesses and Kiwi mortgage holders are going bust.
Luxon started his PM tenure with great intentions and insights on NZs artificially high energy, grocery, banking, and insurance costs. So why did he put the immoral, dishonest, and dimwitted Willis in charge of fixing the problem?
Luxon knew from the outset that even if Willis wanted to fix the problem she doesn’t possess the intellect to do so.
Luxon now stands by while Willis makes Kiwis extraordinarily high cost of livng worse, causing record numbers to flee
Why?
What sickens me about the whole banking system is their war against actual physical cash, for this alone they should be criminally charged.
I do not now nor will I ever want a digital ID and a cashless society. Because they keep pushing for both I would call them criminal scum.
In my view. 2.53 billion from fewer people in NZ.
Assume the tax is paid in another country?