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Preliminary Final Report

Document date:  Thu 24 Oct 2002
Published:  Thu 24 Oct 2002 11:05:18
Document No:  196680
Document part:  I
Market Flag:  Y
Classification:  Preliminary Final Report , Periodic Reports - Other , Dividend Record Date , Dividend Pay Date , Dividend Rate

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-10-24  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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FINANCIAL OFFICERS REVIEW (CONTINUED)

PERSONAL BANKING NEW ZEALAND 
Murray Horn

Provides a full range of banking services, including wealth
management, for personal customers and rural small business customers
in New Zealand through branches, call centres and on-line banking

                                                 FULL    FULL    MOVT
                                                 YEAR    YEAR  SEP 02
                                               SEP 02  SEP 01       V 
                                                               SEP 01
                                                  $M     $M        %

Net interest income                               192    177     8%
Other external operating income                   145    149    -3%
Net inter business unit fees                       30     31    -3%
Operating income                                  367    357     3%
External operating expenses                      (159)  (139)   14%
Net inter business unit expenses                  (62)   (60)    3%
Operating expenses                               (221)  (199)   11%
Profit before debt provision                      146    158    -8%
Provision for doubtful debts                       (4)    (5)  -20%
Profit before income tax                          142    153    -7%
Income tax expense and outside equity interests   (47)   (51)   -8%
Net profit attributable to members of the Company  95    102    -7%
Operating expenses to operating income           60.2%  55.7%    8%
Net specific provisions                             3      4   -25%
Net non-accrual loans                               -      4  -100%
Total employees                                 1,667  1,575     6%



ASIA PACIFIC PERSONAL BANKING
Bob Lyon

Provision of primarily retail banking services in the Pacific Region
and Asia, including ANZ's share of PT Panin Bank in Indonesia


                                                 FULL    FULL    MOVT
                                                 YEAR    YEAR  SEP 02
                                               SEP 02  SEP 01       V 
                                                               SEP 01
                                                  $M     $M        %


Net interest income                                112    125    -10%
Other external operating income                    144     86     67%
Net inter business unit fees                         -      -     n/a
Operating income                                   256    211     21%
External operating expenses                        (94)   (78)    21%
Net inter business unit expenses                   (28)   (31)   -10%
Operating expenses                                (122)  (109)    12%
Profit before debt provision                       134    102     31%
Provision for doubtful debts                       (10)    (9)    11%
Profit before income tax                           124     93     33%
Income tax expense and outside equity interests    (32)   (27)    19%
Net profit attributable to members of the Company   92     66     39%
Operating expenses to operating income            46.5%  51.7%   -10%
Net specific provisions                              5      5    -Net
non-accrual loans                                   11     10     10%
Total employees                                  1,547  1,347     15%


WEALTH MANAGEMENT
Craig Coleman

Wealth Management delivers comprehensive financial advisory, trustee
and distribution services to high net worth customers in Australia
covering investment, risk, lending and banking


                                                FULL    FULL     MOVT
                                                YEAR    YEAR   SEP 02
                                              SEP 02  SEP 01       V 
                                                               SEP 01
                                                  $M     $M        %

Net interest income                                187    177      6%
Other operating income                             137    108     27%
Operating income                                   324    285     14%
Operating expenses                                (178)  (176)     1%
Profit before debt provision                       146    109     34%
Provision for doubtful debts                        (2)    (2)      -
Profit before income tax                           144    107     35%
Income tax expense and outside equity interests    (43)   (37)    16%
Net profit attributable to members of the Company  101     70     44%
Operating expenses to operating income            54.9%  61.8%   -11%
Total employees                                  1,006    805     25%


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