Home News in Brief People ANZ Axed 2016 Staff Share Bonus

ANZ Axed 2016 Staff Share Bonus

111
0
News in Brief - Caproasia Online


Join more than 4,000 ++ leading financial professionals in Asia. Sign up here. Are you a Private Banker? Sign up here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.


ANZ Axed 2016 Staff Share Bonus

ANZ has scrapped its usual A$1,000 share bonus for staff this year amid cost cutting drive. The bonus cost the bank A$17.3 million in the most recent financial year.

Higher funding costs, narrow margins and rising bad debt charges are taking a hit on ANZ’s profit, with the bank reporting its lowest full year earnings since 2011.

News Source: Bloomberg

 

About ANZ

ANZ Private Bank
ANZ Private Bank

The Australia and New Zealand Banking Group Limited (ASX:ANZ) first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. Its history involves many different bank prior to the merger of the Bank of Australia with the Union Bank of Australia Limited on 1 October 1951. Today, it provides a range of banking and financial products and services to over 9 million customers in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe, and America.

  • Origin : Melbourne, Australia
  • Assets : $ 889.90 billion
  • Revenue : $ 36.98 billion
  • Employees : 50,152

Official Website: www.anz.com





News & Media: Press Release

Updated on 8th August 2016

 





Join more than 4,000 ++ leading financial professionals in Asia. Sign up here. Are you a Private Banker? Sign up here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.