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Preliminary Final Report

Document date:  Thu 26 Oct 2000
Published:  Thu 26 Oct 2000 09:57:51
Document No:  168995
Document part:  D
Market Flag:  Y
Classification:  Preliminary Final Report , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-10-26  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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HIGHLIGHTS

OPERATING RESULT EXCLUDING ABNORMALS

* Operating profit before abnormals, after tax $1,703 million up 15%
  ($1,480 million)

* Final dividend 35 cents per share, up 5 cents, fully franked

* Earnings per ordinary share up 15% to 103.9 cents, from 90.6 cents

* Asset growth of 20% in Personal Financial Services and 10% in
  Corporate Financial Services

* Return on ordinary shareholders' equity 18.3% (17.2%)

* Interest margins down from 3.05% to 2.87%

* Non interest income up to $2,583 million ($2,377 million)

* Cost income ratio down to 51.7% (54.5%)

* Operating expenses steady at $3,314 million ($3,300 million)

* Exposure to high risk countries reduced by US$4.6 billion to US$4.8
  billion

Comparatives are September 1999

ABNORMALS INCLUDING SALE OF GRINDLAYS BUSINESSES

* Profit on sale of Grindlays $404 million

* Restructuring provision for eTransformation as part of new 
  Specialist Business strategy $245 million after tax

* Panin investment write down $81 million

* Other items net $34 million loss

OPERATING RESULT INCLUDING ABNORMALS

* Operating profit after tax and abnormals $1,747 million

* Earnings per ordinary share 106.8 cents

* Return on ordinary shareholders' equity 18.8%


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