ANZ Financial Performance Overview
SECTION 6
Proactive reduction in volume of "top 10" client committed exposures
S & P
Rating
•
ANZ has
implemented credit
management policies
to diversify loan
A-
book exposure by
reducing the volume
AA-
of "top 10" client
committed lending.
A+
This has led to a
reduction in client
concentration risk
AAA
•
Sustained
A
management of
client exposures has
reduced the
AAA
sensitivity of the
capital base of "top
BBB+
10" clients (to ~75%
of ACE in 2003 from
~135% of ACE in
2001)
A-
BBB+
Top 10 Committed Exposures(1)
Top 10 Lending Exposures as % of ACE(2)
140%
130%
120%
110%
100%
90%
80%
Position of top 10
70%
exposures as at Sep
02
60%
50%
T
A
40%
AUDM
0
250
500
750
1000
1250
Sep-2001 Sep-2002 Sep-2003
-Funded
= Unfunded
Note:
1. Limits represent total 7 month limits excluding uncommitted and non-recourse, net of credit derivatives
2. Excludes non-recourse and uncommitted facilities
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