ANZ 2022 Full Year Results
ANZ 2022 Full Year Results
CONTINUED DISCIPLINED MANAGEMENT OF EXPENSES
CASH CONTINUING EXCLUDING LARGE / NOTABLE ITEMS
Total expenses, FY22 vs FY21 $m
8,589
This
1,289
20
20
8,609
1,288
7,300
7,321
Flat run the bank expenses
488
9,170
45
289
-261
Investment
expensed rate of
87% (FY21: 79%),
driving $148m
increase
1,776
7,349
"Looking ahead, expense trends will
be impacted by headwinds arising
from wage and vendor cost inflation
together with uplifts including the
annualised impact of the
Cashrewards acquisition and
stranded costs post the formal
separation of the Wealth business.
We will maintain our relentless focus
on productivity to help offset some of
this impact. It is likely, however, that
our total expenses excluding LNI of
$9.17 billion will increase by ~5% in
FY23
All else being equal, we expect
revenue growth to be higher than
cost growth in FY23"
FY21
FX
FY21 FX Adj.
Cost uplifts
Productivity
Investment
FY22
BAU (Run the bank)
Investment (Change the bank)
Cashrewards
page may contain forward-looking statements or opinions. Please refer to ANZ's Disclaimer and Important Notice with respect to such statements on page 1
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