Brett Foley Journalist Profile

Articles

Elliott: strong results and a dual-platform future

Nov 7, 2024 | anz.com.au | Brett Foley |Shayne Elliott

ANZ Chief Executive Officer Shayne Elliott says the bank’s strong 2024 full-year result follows several years of investment into key customer platforms which will help solidify and underpin future growth. ANZ today released a statutory profit after tax for the full year ended 30 September 2024 of $6,535 million, down 8 per cent on full year 2023’s record profit results. "We set about a bold, ambitious strategy to re-platform the bank into lower cost, more adaptable platforms.
Faruqui: transformation drives consistent performance

Nov 7, 2024 | anz.com.au | Brett Foley |Shayne Elliott

ANZ’s strong 2024 full year result demonstrates the benefits of a transformation which has seen the bank’s revenue grow 19 per cent in the past three years, Chief Financial Officer Farhan Faruqui said. Speaking with bluenotes on video, Faruqui said simplification and de-risking over the last decade has led to consistent performance, including generating about $1.7 billion in cost savings which allowed the bank to invest in new technology and strategic initiatives.
BEHIND THE NUMBERS: Platforms are delivering

Nov 7, 2024 | anz.com.au | Shayne Elliott |Brett Foley

Banking is changing so rapidly, it takes forethought, insight and conviction to build things now to enable us to provide the services and experiences our customers will expect down the track. "The amount of payments being directed through all of our platforms has grown, with digital payments volumes more than doubling since 2020.”ANZ has been operating for almost 200 years and in that time, we’ve had to constantly adapt the way we do business.
BEHIND THE NUMBERS: Retail banking reaches for the skies

Nov 7, 2024 | anz.com.au | Maile Carnegie |Brett Foley

Back in 2020, when we first began revealing our new retail banking platform – ANZ Plus – we likened it to the construction of a skyscraper. “ANZ Plus will become the bedrock of the division as we begin to migrate existing ANZ customers to this improved digital platform in coming years.”At the time we’d been working on the foundations for the previous few years and the building was beginning to emerge from the ground.
The risk equation

Oct 22, 2024 | anz.com.au | Brett Foley |Kevin Corbally

Managing risk is critical to the very nature of banking. Will customers be able to pay back the money the bank has lent to them? How will changes to interest rates and foreign exchange rates affect the bank’s business? "Non-financial risk is essentially the risks that we run from managing our operations, our processes and our systems.
Elliott: boosting investment for growth

May 6, 2024 | bluenotes.anz.com | Brett Foley

This focus allowed the bank to invest more in the last six months to strengthen the business for “long-term, sustainable value creation”. "Depending on what's happening in the environment, either economically or with our customers, we're able to deploy capital differently, move resources around, invest in a differentiated way.” - Shayne Elliott ANZ today announced a statutory profit after tax for the half year ended 31 March 2024 of $3,407 million.
Faruqui: focused on shareholder returns

May 6, 2024 | bluenotes.anz.com | Brett Foley

Speaking with bluenotes on video, Faruqui said all four of the bank’s businesses – Institutional, Australia Commercial, Australia Retail and New Zealand - performed well and delivered returns above the cost of capital and “exited the half with strong momentum.”" This places us amongst the best capitalised banks in the world. That's very important to us because it allows us to serve our customers. It allows us to access accretive growth opportunities across our businesses.” – Farhan Faruqui.
bluenotes at its best

Jan 16, 2024 | bluenotes.anz.com | Brett Foley

The business of risk and worry As ANZ’s Chief Risk Officer it is Kevin Corbally’s job to worry, but what he worries about might not be what you think. Never too late to find your passion Many people don’t land their dream job until later in life – so how do you know you’re on the right path? The world is finally taking notice of India and it’s economic and social trajectory. However, even a regular visitor can be taken aback by the pace and scale of the change.
Bengaluru: India's talent magnet

Dec 5, 2023 | bluenotes.anz.com | Brett Foley

“It's a beautiful city,” Faruqui told bluenotes after the three-day visit. “I continue to be surprised by how much development is happening. It just has an incredible buzz.”"It has gone through a metamorphosis of kind that I haven't seen before.
Faruqui: diversified revenue delivers amid volatility

Nov 12, 2023 | bluenotes.anz.com | Brett Foley

During the last 12 months very different trends had impacted the bank’s four businesses – Australia Retail, Australia Commercial, New Zealand and Institutional. Amid such conditions, the bank was able to allocate capital where it was most effective, Faruqui said. "The benefits of diversification have never been as evident as they were this year.” – Farhan Faruqui“The benefits of diversification have never been as evident as they were this year,” Faruqui told bluenotes in a video.