ANZ Financial Performance Overview
SECTION 2
NBNZ acquisition creates the leading bank in New Zealand
Purchase price equivalent to A$4.915 billion (at exchange rates on 23 October 2003)
ANZ and NBNZ, when combined, will create:
The leading bank in New Zealand
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One of New Zealand's top three companies
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Market leadership in all major market segments
A very different acquisition:
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Based on customers and growth leveraging the best of both banks
NBNZ CEO Sir John Anderson invited to head the combined company
The ANZ and NBNZ brands and branch networks to be maintained
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No change intended in the total number of branches
Built on the foundation of the oldest bank and company in New Zealand
Head office in Wellington with major office presence in Auckland and other cities
ANZ may consider a partial minority listing on the NZ Stock Exchange post integration
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