Statistical reclassification of housing lending

Document date:  Mon 09 Apr 2001
Published:  Mon 09 Apr 2001 16:50:21
Document No:  175468
Document part:  A
Market Flag:  N
Classification:  Issued Capital - Other 

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2001-04-09  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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The February 2001 APRA reported movement in owner occupied housing
assets understated ANZ's share of net new owner occupied lending.

This resulted from an internal reclassification between owner
occupied and non-owner occupied housing as a result of a change in
the relevant management information systems.

The consequence of this internal reclassification is that the
reported housing stock movement between January and February has been
understated by $103m, whilst non-owner occupied housing has been
overstated by the same amount. There is no change to the total
housing lending.

Consequently, ANZ's share of net new owner occupied housing for
February was approximately 13.5%, an increase of $241m from January,
rather than the $136m disclosed in APRA's February Banking
Statistics.

For media enquiries, contact:

Rita Zonius
MEDIA RELATIONS MANAGER
Tel: 03-9273 6190 or 0409-655 551
Email zoniusr@anz.com

For analyst enquiries, contact:

Philip Gentry
HEAD OF INVESTOR RELATIONS
Tel: 03-9273 6790
Email: gentryp@anz.com