ANZ 2023 Half Year Results
ANZ 2023 Half Year Results
INTERNATIONALLY COMPARABLE¹ REGULATORY CAPITAL POSITION
Level 2 capital ratio (APRA vs internationally comparable)², %
24.9
4.6
16.6
2.5
3.4
1.7
18.0
11.5
APRA
Int. Comparable
Mar 22
29.0
27.3
5.8
7.4
20.6
18.2
2.3
2.6
5.5
4.2
1.7'
1.9
19.2
18.9
12.3
13.2
APRA
Int. Comparable
Sep 22
Common Equity Tier 1
Additional Tier 1
Tier 2
APRA
Int. Comparable
Mar 23
APRA requires cohort specific multipliers (i.e. 1.4x for Owner Occupier Principal and Interest & 1.7x for all Other mortgage types) and other adjustments that are not imposed
by Basel
APRA Level 2 CET1 Ratio - 31 March 2023
Residential Mortgages
IRB Scaling Factor
New Zealand Exposures
Equity Investments & DTA
APRA requires a scaling factor of 1.1 times for all Risk Weighted Assets, unlike Basel
APRA requires the use of Reserve Bank of New Zealand (RBNZ) capital rules to calculate the Credit Risk Weighted Assets for all New Zealand subsidiary credit exposures, which
are generally more conservative than the Basel rules
13.2%
+1.1%
+1.0%
+ 0.9%
IRRBB RWA
Non-Retail Loss Given Default
Other Risk Weighted Assets
Other Capital
APRA requires 100% deduction from CET1, unlike Basel
+ 0.9%
APRA includes IRRBB in Pillar 1 RWA, which is not a requirement under Basel
+0.8%
APRA specifies non-retail LGDs that are lower than Basel for sovereigns (5% or 25%) and critical infrastructure operators (25%), but higher for other general corporate
exposures (50%)
+ 0.6%
Includes impact of reversing APRA required 1.5x scalar for IPRE exposures and conservative supervisory slotting risk weights for project, object and commodity finance
Includes impact of reversing APRA required deductions from CET1 for capitalised expenses & deferred fee income
+ 0.2%
+ 0.2%
18.9%
Basel III Internationally Comparable CET1 Ratio - 31 March 2023
Mar 23 Internationally Comparable methodology aligns with The Australia Banking Association BASEL 3.1 Capital Comparison Study (Mar 2023). September 22 and March 22 Internationally Comparable methodology align with APRA's information
paper entitled 'International Capital Comparison Study' (13 July 2015)
1.
2.
Sum of individual capital ratios may not be equal to Total Capital ratio due to rounding
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