Treasury

Capital management aims

To provide a stable and diversified capital base to support business objectives and manage upcoming regulatory changes
To balance shareholder requirements with prudential and risk mitigation requirements

Well in excess of prudential minimums to ensure a sufficient buffer against future economic downturns
To ensure ANZ is in line with its ‘AA’ credit ratings band
To allow for the uncertainty of access to markets for future capital needs

Maintain our strong credit rating within the AA ratings band
Conservative funding strategy focuses on core customer deposits and term wholesale debt funding sources
Strong preference for sticky core customer deposits
Wholesale funding to be well diversified by market, investor, currency and term
Regular issuance into domestic and key offshore term markets
Maintain active dialogue with Australian and offshore debt investors

Holding high levels of liquidity consistent with a low risk funding and liquidity strategy.
Portfolio provides a buffer against adverse funding conditions
The Group maintains strong coverage ratios of Liquidity Portfolio to maturing wholesale offshore debt maturities: Portfolio covers >12 months of total offshore wholesale funding maturities
All assets in the Liquidity Portfolio are eligible for repo with a major central bank
Strong portfolio credit quality with 99% of the portfolio rated ‘AA-’ or higher

More information is available on the ANZ Debt Investors site.