Australia and New Zealand Banking Group Ltd. - Audit Report / Information 2025

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8 May 2025

Market Announcements Office ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

APS 330 Pillar 3 Disclosure at 31 March 2025

Australia and New Zealand Banking Group Limited (ANZ) today released its APS 330 Pillar 3 Disclosure as at 31 March 2025.

It has been approved for distribution by ANZ’s Continuous Disclosure Committee.

Yours faithfully

Simon Pordage Company Secretary Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522

2025 Basel III Pillar 3 Disclosure

As at 31 March 2025 APS 330: Public Disclosure

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ANZ Basel III Pillar 3 disclosure March 2025

Important notice

This document has been prepared by ANZ Bank HoldCo as the head of ANZ’s Level 2 Banking Group (ANZ) to meet its disclosure obligations under the Australian Prudential Regulation Authority (APRA) ADI Prudential Standard (APS) 330: Public Disclosure.

ANZ Basel III Pillar 3 disclosure March 2025

I, KEVIN CORBALLY, Group Chief Risk Officer, am the Accountable Person responsible for APRA prudential compliance with APS 330 Public Disclosure and confirm that the disclosures required by APRA’s Prudential Standard APS 330 Public Disclosure for the period ending 31 March 2025, have been prepared in accordance with ANZ’s Public Disclosure of Prudential Information Policy in all material respects.

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KEVIN CORBALLY Group Chief Risk Officer

08 May 2025

ANZ Basel III Pillar 3 disclosure March 2025

Table of Contents[1]

Introduction .............................................................................................................................................................................................. 6 DIS20: Overview of risk management, key prudential metrics and RWA .................................................................................................. 8 KM1: Key metrics (at consolidated group level) ............................................................................................................................... 8 Key metrics - Suncorp Bank............................................................................................................................................................. 9 OV1: Overview of RWA ................................................................................................................................................................. 10 DIS21: Comparison of modelled and standardised RWA ........................................................................................................................ 12 CMS1: Comparison of modelled and standardised RWA at risk level ............................................................................................. 12 CMS2: Comparison of modelled and standardised RWA for credit risk at asset class level ............................................................ 13 DIS25: Composition of capital ................................................................................................................................................................ 14 CCA: Main features of regulatory capital instruments ..................................................................................................................... 14 CC1: Composition of regulatory capital .......................................................................................................................................... 15 CC2: Reconciliation of regulatory capital to balance sheet ............................................................................................................. 18 DIS31: Asset encumbrance .................................................................................................................................................................... 20 ENC: Asset encumbrance .............................................................................................................................................................. 20 DIS40: Credit risk ................................................................................................................................................................................... 21 CR1: Credit quality of assets.......................................................................................................................................................... 21 CR2: Changes in stock of non-performing loans and debt securities .............................................................................................. 22 CR3: Credit risk mitigation techniques – overview.......................................................................................................................... 22 CR4: Standardised approach – credit risk exposure and credit risk mitigation (CRM) effects ......................................................... 23 CR5: Standardised approach – exposures by asset classes and risk weights ................................................................................ 24 CR6: IRB – Credit risk exposures by portfolio and PD range .......................................................................................................... 26 CR7: IRB – Effect on RWA of credit derivatives used as CRM techniques ..................................................................................... 30 CR8: RWA flow statements of credit risk exposures under IRB ...................................................................................................... 30 CR10: IRB (specialised lending under the slotting approach, other than HVCRE) .......................................................................... 31 DIS42: Counterparty credit risk ............................................................................................................................................................... 32 CCR1: Analysis of CCR exposures by approach ........................................................................................................................... 32 CCR3: Standardised approach – CCR exposures by regulatory portfolio and risk weights ............................................................. 33 CCR4: IRB – CCR exposures by portfolio and PD scale ................................................................................................................ 34 CCR5: Composition of collateral for CCR exposure ....................................................................................................................... 36 CCR6: Credit derivatives exposures .............................................................................................................................................. 37 CCR8: Exposures to central counterparties ................................................................................................................................... 38 DIS43: Securitisation .............................................................................................................................................................................. 39 SEC1: Securitisation exposures in the banking book ..................................................................................................................... 39 SEC2: Securitisation exposures in the trading book ....................................................................................................................... 39 SEC3: Securitisation exposures in the banking book and associated regulatory capital requirements – bank acting as originator or as sponsor .......................................................................................................................................................... 40 SEC4: Securitisation exposures in the banking book and associated capital requirements – bank acting as investor .................... 41 DIS50: Market risk .................................................................................................................................................................................. 42

1 Each table reference adopted in this document aligns to those required by APS 330, as defined by the Basel Committee on Banking Supervision (BCBS) and adjusted by APRA for the Australian context.

ANZ Basel III Pillar 3 disclosure March 2025

Table 1: Market risk – disclosures for ADIs using the standard method.......................................................................................... 43 Table 2: Market risk – disclosures for ADIs using the internal models approach (IMA) for trading portfolios ................................... 43 DIS75: Macroprudential supervisory measures....................................................................................................................................... 45 CCyB1: Geographical distribution of credit exposures used in the calculation of the bank-specific countercyclical capital buffer requirement .................................................................................................................................................................. 45 DIS80: Leverage ratio............................................................................................................................................................................. 46 LR1: Summary comparison of accounting assets vs leverage ratio exposure measure .................................................................. 46 LR2: Leverage ratio common disclosure template.......................................................................................................................... 47 DIS85: Liquidity ...................................................................................................................................................................................... 48 LIQ1: Liquidity Coverage Ratio (LCR) ............................................................................................................................................ 50 LIQ2: Net Stable Funding Ratio (NSFR) ........................................................................................................................................ 52 Appendix 1: Modification Details ............................................................................................................................................................. 54 Glossary ................................................................................................................................................................................................. 56

ANZ Basel III Pillar 3 disclosure March 2025

Introduction

Purpose of this document

This document has been prepared in accordance with the Australian Prudential Regulation Authority (APRA) ADI Prudential Standard (APS) 330: Public Disclosure.

APS 330 Public Disclosure Prudential Standard requires locally-incorporated authorised deposit-taking institutions (ADIs) to meet minimum requirements for the public disclosure of key information on their capital and risk exposures and, where applicable, leverage ratio, liquidity coverage ratio, net stable funding ratio and indicators for the identification of potential global systemically important banks, so as to contribute to the transparency of financial markets and to enhance market discipline.

This document is prepared for ANZ BH Pty Ltd (ANZ Bank HoldCo) in accordance with ANZ Board policy and the APS 330 reporting standard requirements. It presents information on Capital Adequacy and Risk Weighted Assets calculations for credit risk, securitisation, traded market risk, interest rate risk in the banking book and operational risk.

The APS 330 disclosure has been prepared on the Level 2 basis being ANZ Bank HoldCo as the head of ANZ’s Level 2 Banking Group following a restructure on 3 January 2023 (formerly Australia and New Zealand Banking Group Limited for prior years).

Any reference to ANZ / the Group refers to ANZ’s Level 2 Banking Group.

Basel in ANZ

ANZ operates under capital adequacy requirements applying to Australian incorporated registered banks, which are set out in APRA’s Banking Prudential Standard documents. The capital adequacy requirements were updated from 1 January 2023 and included changes to APS 110 Capital Adequacy (APS 110), APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112) and APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk (APS 113) with key features of the changes including:

improving the flexibility of the capital framework, through larger capital buffers that can be used by banks to support lending during periods of stress;
changes to risk weighted assets (RWA) through more risk-sensitive risk weights increasing capital requirements for higher risk lending and decreasing it for lower risks;
changes to loss given default rates (LGD) including approved use of an internal ratings-based (IRB) approved LGD model for mortgage portfolios;
an increase in the IRB scaling factor (from 1.06x to 1.1x);
requirement that IRB ADIs calculate and disclose RWA under the standardised approach and the introduction of a capital floor at 72.5% of standardised RWA; and
use of prescribed New Zealand authority’s equivalent prudential rules for the purpose of calculating the Level 2 regulatory capital requirement.

In addition, operational RWA is calculated under APS 115 Capital Adequacy: Standardised Measurement Approach to Operational Risk (APS 115) which replaced the previous advanced methodology from December 2022.

Suncorp Bank Acquisition

On 31 July 2024, the Group acquired 100% of the shares in SBGH Limited, the immediate holding company of Suncorp Bank. The transaction was undertaken to accelerate the growth of the Group’s retail and commercial businesses while also improving the geographic balance of its business in Australia. The reported figures at 31 March 2025 include Suncorp Bank for the period since ownership where applicable.

Suncorp Bank is the trading name of Norfina Limited ABN 66 010 831 722 (formerly Suncorp-Metway Limited). Norfina Limited is an authorised deposit-taking institution (ADI) and a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ANZBGL). The ultimate parent entity is ANZ Group Holdings Limited (ANZGHL). ANZGHL and its subsidiaries are collectively referred to as the ANZGHL Group.

Suncorp Bank is a standardised ADI with Credit RWA calculated based on APS 112 Standardised Approach to Credit Risk. Suncorp Bank is exposed to a similar range of inter-related business risks as the pre-existing ANZ portfolio and has its own Risk Management Framework, Risk Management Strategy, Risk Appetite Statement and supporting suite of policies and procedures to manage these risks. Work is in progress to ensure a smooth transition of risk management frameworks and policies, and effective integration into the ANZ risk management operating model.

Verification of disclosures

These Pillar 3 disclosures have been verified in accordance with Board-approved policy, including ensuring consistency with information contained in ANZBGL and ANZGHL Financial Reports, and in Pillar 1 returns provided to APRA. In addition, ANZ’s external auditor has performed an agreedupon procedures engagement with respect to these disclosures.

ANZ Basel III Pillar 3 disclosure March 2025

Comparison to ANZBGL’s Financial Reporting

These disclosures have been produced in accordance with regulatory capital adequacy concepts and rules, rather than with accounting policies adopted in ANZBGL’s financial reports. As such, there are different areas of focus and measures in some common areas of these disclosures. These differences are most pronounced in the credit risk disclosures, for instance:

The principal method for measuring the amount at risk is Exposure at Default (EAD), which is the estimated exposure owed on a credit obligation at the time of default. Under the Internal Ratings Based (IRB) approach in APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk, banks are accredited to provide their own estimates of EAD or use supervisory estimates for all exposures (drawn, commitments or contingents) reflecting the current balance as well as the likelihood of additional drawings prior to default. Note APS 113 no longer permits the use of own estimates (internally modelled credit conversion factors (CCFs)) for committed non-retail exposures and nonrevolving retail, therefore ANZ applies supervisory CCFs as detailed in APS 112.
Loss Given Default (LGD) is an estimate of the loss expected in the event of default. LGD is essentially calculated as the amount at risk (EAD) less expected net recoveries from realisation of collateral as well as any post default repayments of principal and interest.
Most credit risk disclosures split ANZ’s portfolio into regulatory asset classes, which span different areas of ANZ’s internal divisional and business unit organisational structure.

Unless otherwise stated, all amounts are rounded to AUD millions.

Key Changes in the Pillar 3 report

In December 2022, APRA finalised the ADI public disclosure requirements (APS 330), effective 1 January 2025. Some of the key aims of the new requirements are to improve transparency and comparability and to align with updated international and domestic standards.

In accordance with APS 330, an ADI must make the prudential disclosures as set out in the Standard issued by the Basel Committee on Banking Supervision (BCBS Standard) titled “Disclosure requirements”, subject to the modifications specified in Attachment A of APS 330. The BCBS Standard, including disclosure templates and tables that an ADI must complete and disclose, is available on the Bank of International Settlements website.

An ADI may make minor modifications to the content of its disclosures under the BCBS Standard where there are inconsistencies between the BCBS Standard and the applicable requirements in any Prudential Standards[1] . These modifications are noted in the respective disclosure tables throughout this document and outlined in detail in Appendix 1.

Certain comparative period disclosures for the updated templates will be included over future reporting periods.

1 APS 330, Para. 19-20

ANZ Basel III Pillar 3 disclosure March 2025

DIS20: Overview of risk management, key prudential metrics and RWA

KM1: Key metrics (at consolidated group level)

The table below sets out the key regulatory metrics and ratios covering capital (including buffer requirements and ratios), RWA, Leverage ratio, LCR and NSFR.

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

Available capital (amounts)	Mar 25 Dec 24 Sep 24 Jun 24 Mar 24 $M $M $M $M $M
1 Common Equity Tier 1 (CET1) 2 Tier 1 3 Total capital Risk-weighted assets (amounts)	55,229 54,333 54,469 57,576 58,412 62,672 62,699 62,676 65,846 66,709 95,503 92,447 91,865 93,141 94,932
4 Total risk-weighted assets (RWA) 4a Total risk-weighted assets (pre-floor) Risk-based capital ratios as a percentage of RWA	468,999 472,434 446,582 433,213 432,779 456,940 461,059 441,710 412,882 429,784
5 CET1 ratio (%) 5b CET1 ratio (%) (pre-floor ratio) 6 Tier 1 ratio (%) 6b Tier 1 ratio (%) (pre-floor ratio) 7 Total capital ratio (%) 7b Total capital ratio (%) (pre-floor ratio) Additional CET1 buffer requirements as a percentage of RWA	11.8% 11.5% 12.2% 13.3% 13.5% 12.1% 11.8% 12.3% 13.9% 13.6% 13.4% 13.3% 14.0% 15.2% 15.4% 13.7% 13.6% 14.2% 15.9% 15.5% 20.4% 19.6% 20.6% 21.5% 21.9% 20.9% 20.1% 20.8% 22.6% 22.1%
8 Capital conservation buffer requirement (2.5% from 2019) (%) 9 Countercyclical buffer requirement (%) 10 Bank G-SIB and/or D-SIB additional requirements (%) 11 Total of bank CET1 specific buffer requirements (%) 12 CET1 available after meeting the bank’s minimum capital requirements (%) Basel III Leverage ratio	3.75% 3.75% 3.75% 3.75% 3.75% 0.7219% 0.7276% 0.7247% 0.6971% 0.6777% 1.00% 1.00% 1.00% 1.00% 1.00% 5.47% 5.48% 5.47% 5.45% 5.43% 7.3% 7.0% 7.7% 8.8% 9.0%
13 Total Basel III leverage ratio exposure measure 14 Basel III leverage ratio (%) (including the impact of any applicable temporary exemption of central bank reserves) Liquidity Coverage Ratio (LCR)	1,427,834 1,432,615 1,344,137 1,250,307 1,228,121 4.4% 4.4% 4.7% 5.3% 5.4%
15 Total high-quality liquid assets (HQLA) 16 Total net cash outflow 17 LCR ratio (%) Net Stable Funding Ratio (NSFR)	316,323 295,673 275,264 256,996 285,454 237,584 225,783 207,942 195,514 207,608 133.17% 130.95% 132.38% 131.40% 137.50%
18 Total available stable funding 19 Total required stable funding 20 NSFR ratio	737,456 721,838 704,909 648,532 640,439 630,563 634,312 607,169 558,211 542,472 116.95% 113.80% 116.10% 116.18% 118.06%

Common Equity Tier 1

The Group’s CET1 ratio decreased -42 bps to 11.78% during the March 2025 half. Key drivers of the movement in the CET1 ratio were:

Cash profit increased the CET1 ratio by +78 bps.
Higher underlying RWA usage (excluding impact of Markets RWA and foreign currency translation) decreased the CET1 ratio by -30 bps primarily driven by lending growth in the Institutional, Australia Retail and New Zealand divisions, partially offset by lower IRRBB RWA.
Markets RWA usage decreased the CET1 ratio by -4 bps, including Markets Credit RWA usage partially offset by lower Traded Market Risk.
Payment of the 2024 final dividend reduced the CET1 ratio by -55 bps.
Capital deductions and offsetting RWA initiatives reduced the CET1 ratio by net -12 bps driven by Suncorp Bank acquisition related adjustment impacts[1] , higher deferred tax assets and loss in FVOCI reserves.

1 Refer to page 8 of the ANZ Group Holdings Limited Consolidated Financial Report Dividend Announcement and Appendix 4D for further details of the acquisition related adjustments.

ANZ Basel III Pillar 3 disclosure March 2025

An increase in the capital floor decreased the CET1 ratio by -19 bps, as volume growth increased standardised RWA more than IRB RWA and IRRBB RWA was lower.

The additional $250 million operational risk capital overlay (announced on 3 April 2025) increases operational risk RWA by $3.1 billion (inclusive of the capital floor impact the net RWA increase is $2.3 billion) and will apply at both Level 1 and Level 2 from 30 April 2025.

Leverage ratio

APRA leverage ratio moved -27 bps during the March 2025 half. Key drivers of the movement were:

Net organic capital generation, less dividends paid increased the leverage ratio by 7 bps,
Net Additional Tier 1 capital impact decreased the leverage ratio by 7 bps,
Growth in exposures (excluding the impacts from foreign currency translation) reduced the leverage ratio by 21 bps driven by lending growth, mainly in the Australia Retail and Institutional divisions, and Markets exposure growth, and
Net other impacts decreased the leverage ratio by 6 bps.

Total Risk Weighted Assets

For key movements in RWA see table OV1: Overview of RWA.

Liquidity

The Group’s average LCR for the 3 months to 31 March 2025 has increased 2.2% from 131.0% as at 31 December 2024 to 133.2% with total liquid assets exceeding net cash outflows by an average of $78.7 billion.

Through the period the LCR has remained within the range 126% to 139%. The liquid asset portfolio was made up of on average 46% ($143.6 billion) cash and central bank reserves and 49% ($152.7 billion) HQLA1 securities, with the remaining mainly consisting of HQLA2 securities.

The Group's NSFR has increased 3.2% over the quarter from 113.8% as at 31 December 2024 to 117.0% as at 31 March 2025 largely due to increases in wholesale funding.

The main sources of Available Stable Funding (ASF) at 31 March 2025 were deposits from Retail and SME customers, at 49%, with other wholesale funding at 29% and capital at 15% of the total ASF.

The majority of ANZ's Required Stable Funding (RSF) at 31 March 2025 was driven by mortgages at 51% and other lending to non-FI customers at 28% of the total RSF.

Key metrics - Suncorp Bank

The table below sets out the key regulatory metrics and ratios covering capital and RWA for Suncorp Bank.

Following the acquisition of Suncorp Bank on 31 July 2024, the reported figures include Suncorp Bank for the period since ownership where applicable. Suncorp Bank will no longer be producing a separate Pillar 3 report starting from March 2025. The table below sets out the key information on regulatory metrics and ratios covering capital and RWAs for Suncorp Bank.

Suncorp Bank is a standardised ADI with Credit RWA calculated based on APS 112 Standardised Approach to Credit Risk.

Available capital (amounts)	Mar 25 Dec 24 Sep 24 $M $M $M
1 Common Equity Tier 1 (CET1) 2 Tier 1 3 Total capital Risk-weighted assets (amounts)	3,559 3,440 3,345 4,119 4,000 3,905 4,955 4,830 4,751
4 Total risk-weighted assets (RWA) Risk-based capital ratios as a percentage of RWA	33,356 33,516 33,422
5 CET1 ratio (%) 6 Tier 1 ratio (%) 7 Total capital ratio (%)	10.7% 10.3% 10.0% 12.3% 11.9% 11.7% 14.9% 14.4% 14.2%

ANZ Basel III Pillar 3 disclosure March 2025

OV1: Overview of RWA

The table below shows RWA and minimum capital requirements by risk type and approach. For the purpose of this table, the minimum capital requirement is defined to be 8% of RWA.

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

RWA Mar 25 Sep 24 $M $M	Minimum capital
	requirements
	Mar 25 $M
1 Credit risk (excluding counterparty credit risk) 357,140 342,306 2 of which: standardised approach (SA) 42,612 42,720 3 of which: foundation internal ratings-based (FIRB) approach 69,351 64,417 4 of which: supervisory slotting approach 15,360 12,692 5 of which: advanced internal ratings-based (AIRB) approach1 229,817 222,477 6 Counterparty credit risk (CCR) 13,809 12,382 7 of which: standardised approach for counterparty credit risk 13,097 11,886 8 of which: IMM - - 9 of which: other CCR 712 496 10 Credit valuation adjustment (CVA) 4,736 4,045 16 Securitisation exposures in banking book 2,396 2,452 17 of which: securitisation IRB approach (SEC-IRBA) - - 18 of which: securitisation external ratings-based approach (SEC-ERBA), including internal assessment approach (IAA) 780 831 19 of which: securitisation standardised approach (SEC-SA) 1,616 1,621 20 Market risk 6,854 7,823 21 of which: standardised approach (SA) 1,288 1,588 22 of which: internal model approach (IMA) 5,566 6,235 24 Operational risk2 50,648 49,650 25a IRRBB regulatory RWA 21,357 23,052 26 Output floor applied (%) 72.5% 72.5% 28 Floor adjustment 12,059 4,872	28,571
	3,409
	5,548
	1,229
	18,385
	1,105
	1,048
	-
	57
	379
	191
	-

	62

	129
	548
	103
	445
	4,052
	1,709

	965
29 Total 468,999 446,582	37,520

________

1 Includes a $3.1 billion overlay relating to the Australian Residential Mortgages PD model introduced from 30 June 2024 reporting period.

2 Reporting periods 31 March 2025 and 30 September 2024 include $9.4 billion ($750 million capital) operational risk RWA overlay, applied to both Level 1 and Level 2. An additional operational risk RWA overlay of $3.1 billion ($250 million capital) will apply at both Level 1 and Level 2 from 30 April 2025.

The minimum capital requirement is based on an 8% capitalisation rate, however ANZ’s current CET1 ratio is 11.8% as at 31 March 2025.

Credit Risk Weighted Assets

Credit RWA for 31 March 2025 totalled $378.1 billion (which includes Credit Risk, Counterparty Credit Risk, CVA and Securitisation), a $16.9 billion increase half on half. The main drivers of this increase include:

Volume growth (+$15.2 billion) predominantly driven by the Institutional business ($10.3 billion) from lending growth in Corporate Finance and Trade combined an increase in Markets-related exposures. There was also growth in the Australia Retail business ($2.6 billion) driven by Home Loans and growth across New Zealand ($0.9 billion) and Commercial Divisions ($0.8 billion).
Portfolio Risk was marginally lower (-$0.8 billion) mostly from portfolio upgrades within the Institutional business (-$1.7 billion) partially offset by an increase in risk migration in Australia Home Loans (+$0.9 billion).
Data, models and methodology (-$2.2 billion) from continued refinement in processes, data and associated methodology treatments.
Foreign exchange and other movements (+$4.7 billion).

Market Risk, Operational Risk and IRRBB RWA

Traded Market Risk RWA decreased by $1.0 billion over the half, mainly driven by decrease in 10-day Standard VaR, Specific risk and capital multipliers.

IRRBB RWA decreased by $1.7 billion over the half primarily due to a reduction in Embedded Losses.

Operational Risk RWA increased $1.0 billion due to annual refresh as per APS 115 prudential requirements and improved financial performance of the bank in the FY24 financial year.

ANZ Basel III Pillar 3 disclosure March 2025

Floor adjustment RWA

The RWA floor adjustment is the additional RWA required after comparing total actual RWA to the floor of 72.5% of RWA calculated under the full standardised approach. For 31 March 2025, the RWA floor adjustment was $12.1 billion, an increase of $7.2 billion over the half. This increase was due to higher RWA calculated under the full standardised approach which increased $30.9 billion (or $22.4 billion after applying 72.5%) whilst total actual RWA (before the floor adjustment) increased by $15.2 billion.

The increase in the RWA floor adjustment was driven by credit and counterparty credit risks, mainly from growth in higher quality assets in the Corporate and Financial Institutions asset classes which receive higher standardised risk weighting relative to their IRB treatment. IRRBB also decreased $1.7 billion, which has a corresponding increase to the RWA floor adjustment.

ANZ Basel III Pillar 3 disclosure March 2025

DIS21: Comparison of modelled and standardised RWA

CMS1: Comparison of modelled and standardised RWA at risk level

The table below outlines the comparison of modelled and standardised RWA at Risk level.

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

	Mar 25
	RWA
	RWA for modelled approaches that banks have supervisory approval to use RWA for portfolios where standardised approaches are used Total Actual RWA RWA calculated using full standardised approach $M $M $M $M
1 Credit risk (excluding counterparty credit risk) 2 Counterparty credit risk 3 Credit valuation adjustment 4 Securitisation exposures in the banking book 5 Market risk 6 Operational risk 7a IRRBB 7 Residual RWA1	314,528 42,612 357,140 554,974 12,604 1,205 13,809 27,287 4,736 4,736 4,736 2,396 2,396 2,396 5,566 1,288 6,854 6,854 50,648 50,648 50,648 21,357 21,357 - 12,059 12,059 -
8 Total	354,055 114,944 468,999 646,895

__________ 1 Reflects the standardised floor adjustment.

In accordance with current prudential regulations, APRA (and RBNZ in the New Zealand context) has approved ANZ’s use of the internal ratingsbased approach for calculating the required capital for the majority of credit risk and counterparty credit risk exposures, with the standardised approach used for only a relatively small proportion of credit exposures, noting the acquired Suncorp Bank portfolio continues to measure required capital under the standardised approach.

Methodological differences primarily arise due to the measurement of exposure at default (EAD) and the risk weights applied. In both cases, the treatment of credit risk mitigation, such as collateral, can have a significant effect. In line with the BCBS objectives, the internal model approach aims to balance the maintaining of prudent levels of capital while encouraging, where appropriate, the use of advanced risk management techniques.

Risk weights

Under the internal ratings-based approach, internal estimates of the probability of default (PD) and the loss given default (LGD), and for Wholesale exposures the maturity, are used as inputs to the risk-weight formula for calculating RWA. Additionally, a 1.10 scaling factor is applied to internal ratings-based exposures. Under the standardised approach, risk weights are less granular and are driven by ratings provided by external credit assessment institutions (ECAIs) or the amount of collateral which an exposure is secured which is used in the loan to value ratio (LVR).

EAD measurement

Prescribed credit conversion factors (CCF’s) applied to off-balance sheet amounts are mostly consistent across internal ratings-based and standardised approaches. Some differences are observed in non-revolving retail exposures (requiring 100% CCF in internal ratings-based) and revolving retail exposures (allowing an internal estimate under internal ratings-based).

The material divergences between the Standardised and Internal Ratings-Based approaches are in the Corporate and Financial Institutions asset classes. Much of this comes about due to the limited availability of external credit ratings across the portfolios, including for high-quality Institutional customers. Under the Standardised rules for unrated exposures, the risk-weight outcome is relatively conservative with only minor difference in treatment between customer credit profiles, resulting in a material divergence to the Internal Ratings-Based outcome for the same portfolios.

The Retail Residential Mortgage sub-asset class also exhibits conservatism in the standardised approach driven by the prescribed risk weights primarily using LVR.

ANZ Basel III Pillar 3 disclosure March 2025

CMS2: Comparison of modelled and standardised RWA for credit risk at asset class level

The table below outlines the comparison of modelled and standardised RWA at asset class level.

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

	Mar 25
	RWA for modelled approaches that banks have supervisory approval to use RWA for portfolios where standardised approaches are used Total Actual RWA RWA calculated using full standardised approach
	$M $M $M $M
1 2 5 6 7 8 9	Sovereign 10,983 - 10,983 12,634
	Financial Institutions 23,781 170 23,951 58,042
	Corporates 101,166 13,828 114,994 202,614
	of which: FIRB is applied 34,587 34,587 70,824
	of which: AIRB is applied 66,579 66,579 117,962
	Retail 109,096 22,137 131,233 177,453
	of which: qualifying revolving retail 3,155 - 3,155 6,434
	of which: other retail 1,636 167 1,803 1,479
	of which: retail residential mortgages1 94,747 21,970 116,717 159,147
	of which: retail SME 9,558 - 9,558 10,393
	Specialised lending2 6,929 143 7,072 10,006
	Others - 4,329 4,329 4,329
	RBNZ regulated entities 62,573 2,005 64,578 89,896
10	Total 314,528 42,612 357,140 554,974

________ 1 Retail Residential Mortgages RWA include a $3.1 billion overlay for the PD model introduced from 30 June 2024 reporting period.

2 Specialised Lending exposures subject to supervisory slotting approach are those where the main servicing and repayment is from the asset being financed and includes project finance.

For key drivers of differences between the internally modelled amounts and those that would be disclosed under the standardised approach, see Table CMS1.

Suncorp Bank is a standardised ADI with Credit RWA calculated based on APS 112 Standardised Approach to Credit Risk and as such is reflected in the above table under RWA for portfolios where standardised approaches are used, predominantly in the Corporates and Residential Mortgages Asset Classes.

ANZ Basel III Pillar 3 disclosure March 2025

DIS25: Composition of capital

The head of the Level 2 Group to which this prudential standard applies is ANZ BH Pty Ltd (ANZ Bank HoldCo).

Table CC1 of this chapter consists of a Common Disclosure template that assists users in understanding the differences between the application of the Basel III reforms in Australia and those rules as detailed in the document Finalised Basel III post-crisis reforms issued by the Bank for International Settlements. The capital disclosure template in this chapter is the post January 2018 version as ANZ is fully applying the Basel III regulatory adjustments, as implemented by APRA.

The information in the lines of the template has been mapped to ANZ’s Level 2 balance sheet, which adjusts for non-consolidated subsidiaries as required under APS 001: Definitions.

Restrictions on Transfers of Capital within ANZ

ANZ operates branches and locally incorporated subsidiaries in many countries. These operations are capitalised at an appropriate level to cover the risks in the business and to meet local prudential requirements. This level of capitalisation may be enhanced to meet local taxation and operational requirements. Any repatriation of capital from subsidiaries or branches is subject to meeting the requirements of the local prudential regulator and/or the local central bank. Apart from ANZ’s operations in New Zealand, local country capital requirements do not impose any material call on ANZ’s capital base.

ANZ undertakes banking activities in New Zealand principally through its wholly owned subsidiary, ANZ Bank New Zealand Limited (ANZ New Zealand), which is subject to minimum capital requirements as set by the Reserve Bank of New Zealand (RBNZ). ANZ New Zealand maintains a buffer above the minimum capital base required by the RBNZ. This capital buffer has been calculated via the ICAAP undertaken for ANZ New Zealand, to ensure ANZ New Zealand is appropriately capitalised under stressed economic scenarios.

CCA: Main features of regulatory capital instruments

Details of the main features of the ANZ Group’s regulatory capital instruments, together with the terms and conditions of those capital instruments, are available at https://www.anz.com/shareholder/centre/reporting/regulatory-disclosure/regulatory-capital-instruments/.

ANZ Basel III Pillar 3 disclosure March 2025

CC1: Composition of regulatory capital

The table below shows the components of regulatory capital[1] .

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

		Amounts	Amounts	Source based on reference of the
		Mar 25	Sep 24	balance sheet under the regulatory scope
		$M	$M	of consolidation
	Common Equity Tier 1 capital: instruments and reserves
1	Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus related stock surplus	26,725	26,762
2	Retained earnings	43,638	42,401	a
3	Accumulated other comprehensive income (and other reserves)	(750)	(1,556)
4	Directly issued capital subject to phase-out from CET1 capital (only applicable to non- joint stock companies)	-	-
5	Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1 capital)	2	2
6	Common Equity Tier 1 capital before regulatory adjustments	69,615	67,609
	Common Equity Tier 1 capital: regulatory adjustments	-	-
7	Prudent valuation adjustments	-	-
8	Goodwill (net of related tax liability)	4,117	4,273	b
9	Other intangibles other than mortgage servicing rights (MSR) (net of related tax liability)	1,482	1,078
10	Deferred tax assets (DTA) that rely on future profitability, excluding those arising from temporary differences (net of related tax liability)	-	-
11	Cash flow hedge reserve	(219)	(422)	c
12	Shortfall of provisions to expected losses	304	210
13	Securitisation gain on sale (as set out in [CAP30.14])	-	-
14	Gains and losses due to changes in own credit risk on fair valued liabilities	257	140
15	Defined benefit pension fund net assets	130	113
16	Investments in own shares (if not already subtracted from paid-in capital on reported balance sheet)	-	-
17	Reciprocal cross-holdings in common equity	-	-
	Investments in the capital of banking, financial and insurance entities that are outside
18	the scope of regulatory consolidation, where the bank does not own more than 10% of	-	-
	the issued share capital (amount above 10% threshold)
19	Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation (amount above 10% threshold)	-	-
20	MSR (amount above 10% threshold)	-	-
21	DTA arising from temporary differences (amount above 10% threshold, net of related tax liability)	-	-
22	Amount exceeding the 15% threshold	-	-
23	of which: significant investments in the common stock of financials	-	-
24	of which: MSR	-	-
25	of which: DTA arising from temporary differences	-	-
26	National specific regulatory adjustments	8,315	7,748
26a	of which: treasury shares	-	-
	of which: Offset to dividends declared under a dividend reinvestment plan (DRP), to
26b	the extent to that the dividends are used to purchase new ordinary shares issued by	-	-
	the ADI
26c	of which: deferred fee income	(496)	(430)	d
26d	of which: equity investment in financial institutions not reported in rows 18, 19 and 23	2,926	2,721
26e	of which: deferred tax assets not reported in rows 10, 21 and 25	3,412	3,112
26f	of which: capitalised expenses	2,430	2,337
26g	of which: investments in commercial (non-financial) entities that are deducted under APRA rules	5	5
26h	of which: covered bonds in excess of asset cover in pools	-	-
26i	of which: undercapitalisation of a non-consolidated subsidiary	-	-
26j	of which: other national specific regulatory adjustments not reported in rows 26a to 26i	38	3
27	Regulatory adjustments applied to Common Equity Tier 1 capital due to insufficient Additional Tier 1 and Tier 2 capital to cover deductions	-	-
28	Total regulatory adjustments to Common Equity Tier 1 capital	14,386	13,140
29	Common Equity Tier 1 capital (CET1)	55,229	54,469

ANZ Basel III Pillar 3 disclosure March 2025

CC1: Composition of regulatory capital (continued)

		Amounts	Amounts	Source based on reference of the
		Mar 25	Sep 24	balance sheet under the regulatory scope
		$M	$M	of consolidation
	Additional Tier 1 capital: instruments
30	Directly issued qualifying additional Tier 1 instruments plus related stock surplus	7,602	8,384
31	of which: classified as equity under applicable accounting standards	-	-
32	of which: classified as liabilities under applicable accounting standards	7,602	8,384
33	Directly issued capital instruments subject to phase out from Additional Tier 1 Capital	-	-
34	Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held by third parties (amount allowed in group additional Tier 1 capital)	-	-
35	of which: instruments issued by subsidiaries subject to phase out	-	-
36	Additional Tier 1 capital before regulatory adjustments	7,602	8,384
	Additional Tier 1 capital: regulatory adjustments
37	Investments in own additional Tier 1 instruments	-	-
38	Reciprocal cross-holdings in additional Tier 1 instruments	-	-
	Investments in the capital of banking, financial and insurance entities that are outside
39	the scope of regulatory consolidation, where the bank does not own more than 10% of	-	-
	the issued common share capital of the entity (amount above 10% threshold)
40	Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation	155	155	e
41	National specific regulatory adjustments	4	22
41a	of which: holdings of capital instruments in group members by other group members on behalf of third parties	-	-
41b	of which: investments in the capital of financial institutions that are outside the scope of regulatory consolidations not reported in rows 39 and 40	4	22
41c	of which: other national specific regulatory adjustments not reported in rows 41a and 41b	-	-
42	Regulatory adjustments applied to additional Tier 1 capital due to insufficient Tier 2 capital to cover deductions	-	-
43	Total regulatory adjustments to additional Tier 1 capital	159	177
44	Additional Tier 1 capital (AT1)	7,443	8,207
45	Tier 1 capital (T1 = CET1 + AT1)	62,672	62,676
	Tier 2 capital: instruments and provisions
46	Directly issued qualifying Tier 2 instruments plus related stock surplus	31,492	27,888
47	Directly issued capital instruments subject to phase out from Tier 2 Capital	-	-
48	Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2)	-	-
49	of which: instruments issued by subsidiaries subject to phase out	-	-
50	Provisions	1,639	1,712
51	Tier 2 capital before regulatory adjustments	33,131	29,600
	Tier 2 capital: regulatory adjustments
52	Investments in own Tier 2 instruments	100	100
53	Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities	-	-
	Investments in the capital and other TLAC liabilities of banking, financial and insurance
54	entities that are outside the scope of regulatory consolidation, where the bank does not own more than 10% of the issued common share capital of the entity (amount above	-	-
	10% threshold)
	Significant investments in the capital and other TLAC liabilities of banking, financial and
55	insurance entities that are outside the scope of regulatory consolidation (net of eligible	-	86
	short positions)
56	National specific regulatory adjustments	200	225
56a	of which: holdings of capital instruments in group members by other group members on behalf of third parties	-	-
56b	of which: investments in the capital of financial institutions that are outside the scope of regulatory consolidation not reported in rows 54 and 55	192	114
56c	of which: other national specific regulatory adjustments not reported in rows 56a and 56b	8	111
57	Total regulatory adjustments to Tier 2 capital	300	411
58	Tier 2 capital	32,831	29,189
59	Total regulatory capital (= Tier 1 + Tier2)	95,503	91,865
60	Total risk-weighted assets	468,999	446,582

ANZ Basel III Pillar 3 disclosure March 2025

CC1: Composition of regulatory capital (continued)

			Amounts	Amounts	Source based on reference of the
			Mar 25	Sep 24	balance sheet under the regulatory scope
			$M	$M	of consolidation
	Capital adequacy ratios and buffers
61	Common Equity Tier 1 capital (as a percentage of risk-weighted assets)		11.8%	12.2%
62	Tier 1 capital (as a percentage of risk-weighted assets)		13.4%	14.0%
63	Total capital (as a percentage of risk-weighted assets)		20.4%	20.6%
	Institution-specific buffer requirement (capital conservation buffer	plus
64	countercyclical buffer requirements plus higher loss absorbency requirement,		9.972%	9.975%
	expressed as apercentage of risk-weighted assets)
65	of which: capital conservation buffer requirement1		4.75%	4.75%
66	of which: bank-specific countercyclical buffer requirement		0.7219%	0.7247%
67	of which: higher loss absorbency requirement		-	-
68	Common Equity Tier 1 capital (as a percentage of risk-weighted assets) available after meeting the bank’s minimum capital requirements		7.3%	7.7%
	National minima (if different from Basel III)
69	National minimum Common Equity Tier 1 capital adequacy ratio (if different from Basel III minimum)		-	-
70	National minimum Tier 1 capital adequacy ratio (if different from Basel III minimum)		-	-
71	National minimum Total capital adequacy ratio (if different from Basel III minimum)		-	-
	Amounts below the thresholds for deduction (before risk-weighting)
72	Non-significant investments in the capital and other TLAC liabilities of other financial entities		270	206
73	Significant investments in the common stock of financial entities		2,852	2,651
74	MSR (net of related tax liability)		-	-
75	DTA arising from temporary differences (net of related tax liability)		3,412	3,112
	Applicable caps on the inclusion of provisions in Tier 2 capital
76	Provisions eligible for inclusion in Tier 2 capital in respect of exposures subject to standardised approach (prior to application of cap)		352	377
77	Cap on inclusion of provisions in Tier 2 capital under standardised approach		570	565
78	Provisions eligible for inclusion in Tier 2 capital in respect of exposures subject to internal ratings-based approach (prior to application of cap)		1,287	1,335
79	Cap for inclusion of provisions in Tier 2 capital under internal ratings-based approach		1,980	1,881

________ 1 Includes 1.0% buffer applied by APRA to ADIs deemed as domestic systemically important.

See commentary on drivers of changes in Capital over the reporting period in table KM1: Key Metrics.

ANZ Basel III Pillar 3 disclosure March 2025

CC2: Reconciliation of regulatory capital to balance sheet

The table below shows the bank’s regulatory balance sheet and shows the link between a bank’s balance sheet in its published financial statements and the numbers that are used in the composition of capital disclosure template set out in CC1.

This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

		Balance sheet as	Under regulatory	Reference
		in published	scope of
		financial	consolidation
		statements
		As at Mar 25	As at Mar 25
Assets		$M	$M
1	Cash and Cash Equivalents	195,788	195,788
2	Settlement Balances owed to ANZ	6,225	6,225
3	Collateral Paid	10,464	10,464
4	Trading securities	45,745	45,745
4a	of which: Financial Institutions capital instruments		-
5	Derivative financial instruments	49,552	49,552
6	Investment Securities	155,072	154,907
6a	of which: significant investment in financial institutions equity instruments		1,096
6b	of which: non-significant investment in financial institutions equity instruments		73
6c	of which: Other entities equity investments		5
6d	of which: collectively assessed provision		(31)
8	Net loans and advances	820,852	816,265
8a	of which: deferred fee income		(496)	d
8b	of which: collectively assessed provision		(3,415)
8c	of which: individual provisions		(346)
8d	of which: capitalised brokerage & Loan/Lease origination fees		(4,335)
8f	of which: CET1 margin lending adjustment		-
8g	of which: AT1 margin lending adjustment		12
9	Regulatory deposits	644	644
11	Due from controlled entities	-	54
11a	of which: Significant investments in the Tier 2 capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation		-
12	Shares in controlled entities	-	494
12a	of which: Investment in deconsolidated financial subsidiaries		339
12b	of which: AT1 significant investment in banking, financial and insurance entities that are outside the scope of regulatory consolidation		155	e
13	Investment in associates	1,479	1,479
13a	of which: Financial Institutions		1,479
14	Current tax assets	43	43
15	Deferred tax assets	3,180	3,175
16	Goodwill and other intangible assets	5,780	5,718
16a	of which: Goodwill		4,117	b
16b	of which: Software		997
16c	of which: other intangible assets (WDv)		603
18	Premises and equipment	2,325	2,325
19	Other assets	5,822	5,696
19a	of which: Defined benefit superannuation fund net assets		177
19b	of which: Capitalised Costs of Disposal		51
	Total assets	1,302,971	1,298,574

Balances under “of which” are disclosed in column: Under regulatory scope of consolidation.

ANZ Basel III Pillar 3 disclosure March 2025

CC2: Reconciliation of regulatory capital to balance sheet (continued)

		Balance sheet as	Under regulatory	Reference
		in published	scope of
		financial	consolidation
		statements
		As at Mar 25	As at Mar 25
Liabilities		$M	$M
20	Settlement Balances owed by ANZ	16,085	16,085
21	Collateral Received	10,129	10,129
22	Deposits and other borrowings	973,630	973,662
23	Derivative financial instruments	44,279	44,279
24	Due to controlled entities	-	848
25	Current tax liabilities	306	230
26	Deferred tax liabilities	190	190
26a	of which: related to intangible assets		182
26b	of which: related to capitalised expenses		9
26c	of which: related to defined benefit superannuation fund		47
30	Payables and other liabilities	15,726	15,374
31	Employee Entitlements	655	655
32	Provisions	1,704	1,707
32a	of which: collectively assessed provision		833
32b	of which: individually assessed provision		18
33	Debt Issuances	169,555	164,969
33a	of which: Directly issued qualifying Additional Tier 1 instruments		7,503
33b	of which: Additional Tier 1 Instruments		-
33d	of which: Directly issued qualifying Tier 2 instruments		32,444
	Total liabilities	1,232,259	1,228,128

	Net Assets	70,712	70,446
Shareholders’ equity		$M	$M
34	Ordinary Share Capital	27,028	26,951
34a	of which: Share reserve		226
35	Reserves	(902)	(907)
35a	of which: Cash flow hedging reserves		(219)	c
36	Retained earnings	43,822	43,638	a
37	Share capital and reserves attributable to shareholders of the company	69,948	69,682
38	Non-controllinginterests	764	764
39	Total shareholders’ equity	70,712	70,446

Balances under “of which” are disclosed in column: Under regulatory scope of consolidation.

ANZ Basel III Pillar 3 disclosure March 2025

DIS31: Asset encumbrance

ENC: Asset encumbrance

The table below differentiates assets which are used to support funding or collateral needs (“encumbered assets”) as at 31 March 2025 from those assets which are “unencumbered”. Each of the reported values in the table is based on the carrying amount on the balance sheet using periodend values.

ANZBGL Group mainly has the following sources of encumbrance:

Assets pledged under repurchase agreements: Collateralised financing transactions through repurchase agreements are a form of shortterm funding. The asset used as collateral is debt securities.
Covered bonds: The Group operates various global covered bond programs to raise funding in primary markets. Residential mortgages are used as collateral.
External Securitisation: Residential mortgages securitised under the Group’s securitisation program.
Collateral is used to mitigate risks arising from derivative and hedging arrangements.

As at 31 March 2025, ANZ Group has $117.7 billion of encumbered assets, which is predominantly Debt securities $59.7 billion and Net loans and advances of $37.1 billion.

Assets pledged under repurchase agreements increased by $13.9 billion from 30 September 2024. There was a corresponding increase in liabilities relating to repurchase agreements.

	Mar 25
	Encumbered assets Unencumbered assets Total3 $M $M $M
1 Assets of the reporting institution	117,725 1,185,246 1,302,971
2 Debt securities1 3 Net Loans and advances 4 of which: Covered Bonds 5 of which: Securitisations 6 Collateral posted in connection with derivatives contracts2 7 Other assets	59,658 222,380 282,038 37,059 767,352 804,411 32,403 - 32,403 4,656 - 4,656 21,008 - 21,008 - 195,514 195,514

________ 1 Including securities held by reverse repurchase agreements.

2 Initial margins required to open the position and any collateral placed for the market value of derivatives transactions.

Total Balance sheet as in published financial statements

ANZ Basel III Pillar 3 disclosure March 2025

DIS40: Credit risk

CR1: Credit quality of assets

The table below presents a view of the credit quality of on- and off-balance sheet assets. Non-performing exposures are exposures captured by the definition of default (refer below table).

		Mar 25
	Gross carrying values of1 Allowances/ impairments2 Non- performing exposures Performing exposures $M $M $M	Of which ECL accounting provisions for credit losses on SA exposures Of which ECL accounting provisions for credit losses on IRB exposures Net values Allocated in regulatory category of Specific Allocated in regulatory category of General $M $M $M $M
1 Loans 2 Debt Securities 2a of which: measured at amortising cost 2b of which: measured at fair value 3 Off-balance sheet exposures 3a Other financial assets	8,077 808,198 (3,761) - 153,730 (31) - 6,783 (31) - 146,947 - 229 251,825 (852) - 298,501 -	(53) (292) (3,416) 812,514 - - (31) 153,699 - - (31) 6,752 - - - 146,947 (4) (60) (788) 251,202 - - - 298,501
4 Total	8,306 1,512,254 (4,644)	(57) (352) (4,235) 1,515,916

1 Gross carrying values exclude capitalised brokerage & loan/lease origination fees and unearned income.

2 Allowances/impairments of $4,644 million include Collectively Assessed Provision for Credit Impairment of $4,280 million, and Individually Assessed Provisions for Credit Impairment of $364 million.

Definition of default

ANZ uses the following definition of default:

the customer is considered unlikely to pay its credit obligations in full, without recourse to actions such as realising security, or
the customer is greater than or equal to 90 days past due on a credit obligation, or
the customer’s overdraft or other revolving facility(ies) have been continuously outside approved limits for 90 or more consecutive days.

ANZ Basel III Pillar 3 disclosure March 2025

CR2: Changes in stock of non-performing loans and debt securities

The table below presents the non-performing exposure balances, the flows between performing and non-performing exposure categories and reductions in the non-performing exposure balances due to write-offs.[1]

		Mar 25
		$M
1	Non-performing loans and debt securities at end of the previous reporting period	7,451
2	Loans and debt securities that have defaulted since the last reporting period	4,179
3	Returned to performing status	(1,499)
4	Amounts written off	(172)
5	Other changes2	(1,653)
6	Non-performing loans and debt securities at end of the reporting period	8,306

________

1 Includes off-balance sheet exposures.

2 Other changes include repayments and foreign exchange impacts.

CR3: Credit risk mitigation techniques – overview

The following table presents a detailed breakdown of our unsecured and secured loan and debt securities exposures.

	Mar 25
	Exposures unsecured: carrying amount Exposures to be secured1 Exposures secured by collateral2 Exposures secured by financial guarantees Exposures secured by credit derivatives $M $M $M $M $M
1 Loans 2 Debt securities 3 Total 4 of which: non-performing	139,021 673,493 664,074 9,419 - 148,538 5,161 5,161 - - 287,559 678,654 669,235 9,419 - 133 7,100 7,100 - -

________

1 Includes exposures partly or totally secured by collateral, financial guarantees, or credit derivatives.

2 Eligible Collateral could include physical collateral, cash collateral (cash, certificates deposits and bank bills issued by the lending ADI), gold bullion and highly rated debt securities.

ANZ Basel III Pillar 3 disclosure March 2025

CR4: Standardised approach – credit risk exposure and credit risk mitigation (CRM) effects

The table below presents on-balance sheet and off-balance sheet exposures before and after credit conversion factors (CCF) and CRM as well as associated RWA and RWA density by asset classes.

				Mar	25
		Exposures before CCF and before CRM		Exposures post-CCF and post-CRM		RWA and RWA density
		On-balance	Off-balance	On-balance	Off-balance	RWA	RWA density
		sheet	sheet	sheet	sheet
		amount	amount	amount	amount
		$M	$M	$M	$M	$M	%
1	Sovereigns	11,854	-	11,834	-	-	0%
4	Banks	850	-	850	-	170	20%
6	Corporate Exposures	1,571	2,449	1,564	1,834	3,122	92%
6a	Specialised lending	78	71	78	52	143	110%
6b	Commercial Property	12,076	1,461	12,064	783	9,028	70%
6c	ADC	510	341	508	333	1,239	147%
8	Other Retail	99	93	96	41	160	117%
9	Residential Property	57,191	10,230	57,184	4,992	21,222	34%
10	Non-performing Exposures	1,035	18	1,035	11	1,193	114%
11	Other Exposures	7,452	1	7,452	1	912	12%
11a	Fixed Assets	3,417	-	3,417	-	3,418	100%
12	RBNZ regulated entities	26,050	1,795	26,080	1,003	2,005	7%
14	Total	122,183	16,459	122,162	9,050	42,612	32%

Suncorp Bank is a standardised ADI with Credit RWA calculated based on APS 112 Standardised Approach to Credit Risk and as such is reflected in the above table, predominantly in the Sovereign, Residential and Commercial Property Asset Classes.

ANZ Basel III Pillar 3 disclosure March 2025

CR5: Standardised approach – exposures by asset classes and risk weights

The table below shows exposure at default post-CCF and CRM, broken down by Credit Exposure Class and risk weight.

												Mar	25
	Risk Weight %	0	20	25	30	35	40	45	50	60	65	70	75	80	85	90	100	105	110	130	150	250	400		1,250		Other	Total
											Credit	exposure	amount	(post-CCF and		post-CRM) $M
1	Sovereigns	11,834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-		-		-	-	11,834
4	Banks	-	850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-		-		-	-	850
6	Corporate Exposures	-	-	-	-	-	-	-	112	-	-	-	112	-	1,990	-	104	-	1,080	-	-	-		-		-	-	3,398
6a	Specialised lending	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	-	-	-		-		-	-	130
6b	Commercial Property	-	-	-	-	-	-	-	-	5,675	-	3,579	566	-	1,832	845	121	-	223	-	6	-		-		-	-	12,847
6c	ADC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	-	-	-	795	-		-		-	-	841
8	Other Retail	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	-	-	-	47	-		-		-	-	137
9	Residential Property	-	10,944	11,621	11,052	12,004	5,717	5,887	1,165	255	1,518	149	-	-	189	-	1,363	290	-	-	22	-		-		-	-	62,176
10	Non-performing Exposures	-	-	-	-	-	-	-	-	-	-	-	-	175	-	-	413	-	-	153	305	-		-		-	-	1,046
11	Other Exposures	6,592	16	-	-	-	-	-	-	-	-	-	-	-	-	-	804	-	-	-	-	41		-		-	-	7,453
11a	Fixed Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,417	-	-	-	-	-		-		-	-	3,417
	RBNZ regulated
12	entities	22,785	2,325	-	-	-	-	-	867	-	-	-	-	-	-	-	1,106	-	-	-	-	-		-		-	-	27,083
14	Total	41,211	14,135	11,621	11,052	12,004	5,717	5,887	2,144	5,930	1,518	3,728	678	175	4,011	845	7,464	290	1,433	153	1,175	41		-		-	-	131,212

ANZ Basel III Pillar 3 disclosure March 2025

CR5: Standardised approach – exposures by asset classes and risk weights (continued)

Risk weight	Mar 25
	On-balance sheet exposure Off-balance sheet exposure Weighted average CCF1 Exposure (pre-CCF) (post-CCF and post-CRM)
1 Less than 40% 2 40–70% 3 75% 4 85% 5 90–100% 6 105–130% 7 150% 8 250% 9 400% 10 1250%	85,205 10,186 47% 90,023 23,593 2,247 59% 24,924 577 148 68% 678 3,014 1,442 81% 4,186 7,712 1,101 54% 8,309 1,213 938 71% 1,876 828 397 87% 1,175 41 - - 41 - - - - - - - -
11 Total exposures	122,183 16,459 55% 131,212

________ 1 Weighting is based on off-balance sheet exposure (pre-CCF).

ANZ Basel III Pillar 3 disclosure March 2025

CR6: IRB – Credit risk exposures by portfolio and PD range

The table below provides the key parameters used for the calculation of capital requirements for credit risk exposures under the IRB approach.[1 2 3 ]

This table has minor modifications from the original BCBS standard. Additional detail on this modification has been provided in Appendix 1.

Portfolio/ PD scale AIRB	Mar 25
	Original on- balance sheet gross exposure Off-balance sheet exposures Average CCF EAD post CRM and post- CCF Average PD Number of Borrowers Average LGD Average maturity RWA RWA density EL Provisions $M $M % $M % $M % Yr $M % $M $M
Corporates 1 0.00 to <0.15 2 0.15 to <0.25 3 0.25 to <0.50 4 0.50 to <0.75 5 0.75 to <2.50 6 2.50 to <10.00 7 10.00 to <100.00 8 100.00 (Default)	13,641 10,658 44% 18,296 0.11% 685 40% 2.25 4,979 27% 8 8,498 6,398 40% 11,076 0.20% 1,204 34% 2.38 4,309 39% 8 30,967 13,336 57% 38,622 0.37% 6,033 26% 2.10 14,366 37% 36 24,672 6,714 65% 29,060 0.65% 7,793 22% 2.19 12,919 44% 42 34,311 8,728 67% 40,185 1.35% 16,952 23% 2.44 23,944 60% 121 3,328 588 53% 3,639 4.30% 2,253 21% 2.12 2,632 72% 33 1,106 600 24% 1,250 25.05% 3,475 32% 2.27 2,387 191% 105 964 53 66% 999 100.00% 864 30% 2.80 1,043 104% 247
9 Sub-Total AIRB Corporates	117,487 47,075 54% 143,127 1.66% 39,259 27% 2.26 66,579 47% 600 1,245
Residential Mortgages 10 0.00 to <0.15 11 0.15 to <0.25 12 0.25 to <0.50 13 0.50 to <0.75 14 0.75 to <2.50 15 2.50 to <10.00 16 10.00 to <100.00 17 100.00 (Default)	126,780 21,426 100% 148,255 0.08% 407,409 13% - 10,133 7% 15 21,678 1,320 100% 22,999 0.18% 43,055 14% - 2,270 10% 6 70,184 2,688 100% 72,873 0.36% 176,852 14% - 11,546 16% 38 14,203 1,273 100% 15,479 0.64% 41,718 16% - 4,014 26% 16 68,637 6,915 100% 75,552 1.26% 179,890 17% - 32,177 43% 158 24,362 112 100% 24,474 4.15% 60,234 15% - 18,285 75% 156 2,524 20 100% 2,543 18.53% 6,405 18% - 3,886 153% 84 3,937 9 100% 3,945 100.00% 9,443 28% - 12,436 315% 220
18 Sub-Total AIRB Residential Mortgages	332,305 33,763 100% 366,120 1.88% 925,006 15% - 94,747 26% 693 651

________ 1 Excludes Specialised Lending subject to supervisory slotting.

2 Average maturity has been excluded for retail as it is not used in the RWA calculation.
3 The definition of a “borrower” differs across portfolios. In some instances a wholesale borrower can be reported across more than one PD band.

ANZ Basel III Pillar 3 disclosure March 2025

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

Portfolio/ PD scale AIRB	Mar 25
	Original on- balance sheet gross exposure Off-balance sheet exposures Average CCF EAD post CRM and post- CCF Average PD Number of Borrowers Average LGD Average maturity RWA RWA density EL Provisions $M $M % $M % $M % Yr $M % $M $M
Retail SME 19 0.00 to <0.15 20 0.15 to <0.25 21 0.25 to <0.50 22 0.50 to <0.75 23 0.75 to <2.50 24 2.50 to <10.00 25 10.00 to <100.00 26 100.00 (Default)	21 107 83% 110 0.12% 1,217 14% - 5 4% - 19 50 81% 60 0.19% 553 17% - 4 7% - 347 480 78% 723 0.39% 9,250 27% - 137 19% 1 226 278 63% 402 0.65% 10,364 38% - 143 35% 1 4,029 1,214 80% 4,996 1.60% 41,267 26% - 1,901 38% 19 7,475 1,415 93% 8,796 4.42% 57,940 29% - 4,877 55% 109 917 90 91% 999 16.78% 28,661 50% - 1,260 126% 77 487 36 98% 523 100.00% 5,757 40% - 1,231 235% 174
27 Sub-Total AIRB Retail SME	13,521 3,670 84% 16,609 7.02% 155,009 30% - 9,558 58% 381 517
Qualifying Revolving Retail (QRR) 28 0.00 to <0.15 29 0.15 to <0.25 30 0.25 to <0.50 31 0.50 to <0.75 32 0.75 to <2.50 33 2.50 to <10.00 34 10.00 to <100.00 35 100.00 (Default)	1,495 6,004 74% 5,938 0.11% 641,900 74% - 308 5% 5 175 875 73% 811 0.19% 111,495 74% - 68 8% 1 630 1,973 77% 2,148 0.36% 259,648 75% - 302 14% 6 164 267 96% 420 0.65% 38,814 74% - 94 22% 2 1,095 894 99% 1,976 1.35% 192,619 79% - 814 41% 21 827 235 125% 1,121 4.07% 112,903 82% - 1,057 94% 37 177 30 130% 215 19.77% 30,378 81% - 453 210% 34 38 2 100% 40 100.00% 4,817 76% - 59 148% 27
36 Sub-Total AIRB QRR	4,601 10,280 78% 12,669 1.38% 1,392,574 76% - 3,155 25% 133 214
Other Retail 37 0.00 to <0.15 38 0.15 to <0.25 39 0.25 to <0.50 40 0.50 to <0.75 41 0.75 to <2.50 42 2.50 to <10.00 43 10.00 to <100.00 44 100.00 (Default)	5 36 99% 41 0.09% 20,891 78% - 8 19% - - 1 72% 1 0.19% 4 84% - - 36% - 7 21 116% 31 0.36% 43,514 77% - 15 49% - 3 2 124% 6 0.65% 14,311 76% - 4 69% - 620 62 111% 689 1.26% 198,812 77% - 650 94% 7 527 23 105% 551 3.89% 109,932 78% - 673 122% 17 82 3 105% 85 30.02% 23,756 78% - 174 204% 20 53 - 100% 54 100.00% 20,709 80% - 112 209% 41
45 Sub-Total AIRB Other Retail	1,297 148 107% 1,458 7.54% 431,929 78% - 1,636 112% 85 130
46 Total AIRB	469,211 94,936 75% 539,983 1.99% 2,943,777 20% 2.26 175,675 33% 1,892 2,757

ANZ Basel III Pillar 3 disclosure March 2025

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

Portfolio/ PD scale FIRB	Mar 25
	Original on- balance sheet gross exposure Off-balance sheet exposures Average CCF EAD post CRM and post- CCF Average PD Number of Borrowers Average LGD Average maturity RWA RWA density EL Provisions $M $M % $M % Yr $M % $M $M
Corporates 47 0.00 to <0.15 48 0.15 to <0.25 49 0.25 to <0.50 50 0.50 to <0.75 51 0.75 to <2.50 52 2.50 to <10.00 53 10.00 to <100.00 54 100.00 (Default)	28,377 56,618 41% 51,525 0.09% 732 46% 1.94 12,769 25% 20 11,493 15,232 39% 17,372 0.20% 442 49% 2.07 7,894 45% 17 11,070 13,970 41% 16,796 0.34% 477 47% 2.11 10,085 60% 27 1,267 4,118 27% 2,377 0.59% 120 42% 1.84 1,702 72% 6 1,381 1,326 43% 1,951 1.22% 108 37% 1.59 1,541 79% 8 11 149 72% 119 7.74% 15 3% 1.02 11 9% - 193 64 54% 228 21.23% 15 46% 1.17 584 256% 22 264 104 48% 314 100.00% 29 48% 0.43 1 0% 150
55 Sub-Total FIRB Corporates	54,056 91,581 40% 90,682 0.60% 1,938 46% 1.98 34,587 38% 250 487
Sovereign 56 0.00 to <0.15 57 0.15 to <0.25 58 0.25 to <0.50 59 0.50 to <0.75 60 0.75 to <2.50 61 2.50 to <10.00 62 10.00 to <100.00 63 100.00 (Default)	245,516 5,893 29% 247,227 0.02% 220 9% 2.39 4,699 2% 5 1,275 80 40% 1,307 0.20% 6 50% 1.14 554 42% 1 1,432 44 41% 1,450 0.27% 5 50% 0.81 684 47% 2 126 26 40% 137 0.58% 5 50% 1.63 111 81% - 1,221 173 89% 1,375 1.32% 44 50% 1.28 1,360 99% 9 2,183 - 0% 2,183 5.00% 6 50% 0.29 3,519 161% 55 16 161 2% 20 23.91% 7 50% 0.09 56 278% 2 - - 100% - 100.00% - 50% - - 0% -
64 Sub-Total FIRB Sovereign	251,769 6,377 30% 253,699 0.07% 293 10% 2.35 10,983 4% 74 34
Financial Institutions 65 0.00 to <0.15 66 0.15 to <0.25 67 0.25 to <0.50 68 0.50 to <0.75 69 0.75 to <2.50 70 2.50 to <10.00 71 10.00 to <100.00 72 100.00 (Default)	58,041 53,624 51% 85,161 0.06% 764 48% 1.27 19,046 22% 24 902 2,443 33% 1,701 0.20% 67 51% 1.41 917 54% 2 3,082 2,753 32% 3,972 0.35% 149 48% 0.82 2,601 65% 7 823 350 18% 886 0.59% 96 49% 0.72 750 85% 3 325 568 19% 432 1.28% 210 42% 2.02 402 93% 2 5 7 78% 11 4.09% 19 41% 2.48 18 162% - 15 551 0% 15 34.86% 174 48% 4.40 47 316% 3 4 - 83% 4 100.00% 16 50% 4.28 - 0% 2
73 Sub-Total FIRB Financial Institutions	63,197 60,296 48% 92,182 0.09% 1,495 48% 1.25 23,781 26% 43 214
74 Total FIRB	369,022 158,254 43% 436,563 0.19% 3,726 25% 2.04 69,351 16% 367 735

ANZ Basel III Pillar 3 disclosure March 2025

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

Portfolio/ PD scale RBNZ regulated entities	Mar 25
	Original on- balance sheet gross exposure Off-balance sheet exposures Average CCF EAD post CRM and post- CCF Average PD Number of Borrowers Average LGD Average maturity RWA RWA density EL Provisions $M $M % $M % $M % Yr $M % $M $M
Corporates 75 0.00 to <0.15 76 0.15 to <0.25 77 0.25 to <0.50 78 0.50 to <0.75 79 0.75 to <2.50 80 2.50 to <10.00 81 10.00 to <100.00 82 100.00 (Default)	4,097 5,457 76% 8,206 0.07% 254 52% 2.94 2,216 27% 3 680 1,066 93% 1,636 0.20% 333 50% 1.93 807 49% 2 6,126 2,288 88% 8,078 0.37% 3,557 29% 2.11 3,095 38% 9 6,064 1,408 88% 7,284 0.65% 3,849 31% 2.07 3,881 53% 15 9,118 1,856 88% 10,733 1.40% 6,790 32% 1.91 7,253 68% 48 1,745 198 96% 1,935 4.79% 1,116 30% 1.62 1,899 98% 28 940 139 93% 1,068 22.71% 1,728 40% 1.14 2,356 221% 104 260 20 96% 279 100.00% 192 32% 0.75 451 162% 60
83 Sub-Total NZ Corporates	29,030 12,432 83% 39,219 2.17% 17,819 37% 2.15 21,958 56% 269 477
Residential Mortgages 84 0.00 to <0.15 85 0.15 to <0.25 86 0.25 to <0.50 87 0.50 to <0.75 88 0.75 to <2.50 89 2.50 to <10.00 90 10.00 to <100.00 91 100.00 (Default)	14,747 6,918 105% 22,005 0.08% 155,497 16% - 825 4% 3 4,545 117 105% 4,667 0.19% 28,478 17% - 355 8% 1 33,628 836 105% 34,506 0.37% 163,141 18% - 4,727 14% 23 6,839 827 101% 7,674 0.66% 33,808 19% - 1,747 23% 10 30,308 304 106% 30,631 1.37% 132,375 20% - 11,481 37% 85 10,177 41 106% 10,219 4.00% 38,316 21% - 7,379 72% 84 437 14 106% 451 11.50% 1,873 20% - 516 114% 10 1,034 1 100% 1,035 100.00% 4,405 20% - 156 15% 203
92 Sub-Total NZ Residential Mortgage	101,715 9,058 105% 111,188 1.91% 557,893 18% - 27,186 24% 419 174
Other Retail 93 0.00 to <0.15 94 0.15 to <0.25 95 0.25 to <0.50 96 0.50 to <0.75 97 0.75 to <2.50 98 2.50 to <10.00 99 10.00 to <100.00 100 100.00 (Default)	43 1,566 101% 1,617 0.11% 164,163 77% - 884 55% 25 120 936 101% 1,064 0.19% 132,119 78% - 615 58% 16 302 717 101% 1,030 0.34% 156,215 78% - 691 67% 15 228 307 109% 564 0.62% 54,005 81% - 430 76% 5 655 311 90% 934 1.28% 149,414 78% - 871 93% 12 662 253 104% 926 4.59% 170,368 86% - 1,258 136% 36 128 4 113% 133 18.46% 109,909 86% - 246 185% 20 35 3 100% 38 100.00% 7,335 81% - 3 8% 28
101 Sub-Total NZ Other Retail	2,173 4,097 101% 6,306 2.03% 943,528 79% - 4,998 79% 157 92
102 Total RBNZ regulated entities	132,918 25,587 94% 156,713 1.98% 1,519,240 26% 2.15 54,142 35% 845 743

ANZ Basel III Pillar 3 disclosure March 2025

CR7: IRB – Effect on RWA of credit derivatives used as CRM techniques

The table below shows the effect of credit derivatives on the IRB credit risk approach.[1]

	Mar 25
	Pre-credit derivatives RWA Actual RWA $M $M
1 Sovereign – FIRB 3 Financial Institutions – FIRB 5 Corporate – FIRB 6 Corporate – AIRB 8 Specialised lending 9 Retail – qualifying revolving (QRRE) 10 Retail – residential mortgage exposures 11 Retail – SME 12 Other retail exposures 17 RBNZ regulated entities	10,983 10,983
	23,781 23,781
	34,587 34,587
	66,579 66,579
	6,929 6,929
	3,155 3,155
	94,747 94,747
	9,558 9,558
	1,636 1,636
	62,573 62,573
18 Total	314,528 314,528

________

1 ANZ does not have any credit derivatives with CRM impact in the banking book. Hence both columns are identical.

CR8: RWA flow statements of credit risk exposures under IRB

The table below presents the changes in IRB RWA amounts over the reporting period for the key drivers of credit risk[1] .

		Mar 25	Dec 24
		RWA Amount	RWA Amount
		$M	$M
1	RWA as at end of previous reporting period	313,949	299,585
2	Asset size	409	12,816
3	Asset quality	613	(1,119)
4	Model updates	-	747
5	Methodology and policy	(340)	(1,556)
6	Acquisitions and disposals	-	-
7	Foreign exchange movements	(103)	3,476
8	Other	-	-
9	RWA as at end of reporting period	314,528	313,949

1 The attribution of Credit RWA movements requires assumptions and judgement; different assumptions could lead to different attributions. This table presents the contribution of changes in Credit Risk RWA amounts under the IRB approach only and hence may not directly reconcile to Group level Credit RWA attributions.

ANZ Basel III Pillar 3 disclosure March 2025

CR10: IRB (specialised lending under the slotting approach, other than HVCRE)

The table below shows quantitative disclosures of banks’ specialised lending exposures using the supervisory slotting approach.[1]

Regulatory categories Residual maturity		Mar 25
	On-balance sheet amount Off-balance sheet amount RW $M $M	Exposure amount RWA Expected losses PF2 OF2 CF2 IPRE2 Total $M $M $M $M $M $M $M
1 Strong Less than 2.5 years 2 Strong Equal to or more than 2.5 years 3 Good Less than 2.5 years 4 Good Equal to or more than 2.5 years 5 Satisfactory 6 Weak 7 Non Performing	5,679 1,038 70% 3,114 2,758 70% 2,415 674 90% 903 1,040 90% 682 75 115% 338 10 250% 293 4 -	1,754 - - 4,870 6,624 4,984 26 4,745 - - 846 5,591 3,979 22 960 - - 1,966 2,926 2,829 23 1,686 - - 192 1,878 1,714 15 322 - - 419 741 901 21 - - - 347 347 953 28 - - - 297 297 - 149
8 Total	13,424 5,599 -	9,467 - - 8,937 18,404 15,360 284

_______

1 NZ exposures are mapped to the RW categories before application of the scalar of 1.1.

2 PF: Project finance, OF: Object finance, CF: Commodities finance, and IPRE: Income producing real estate.

ANZ Basel III Pillar 3 disclosure March 2025

DIS42: Counterparty credit risk

CCR1: Analysis of CCR exposures by approach

The table below provides a comprehensive view of the methods used to calculate counterparty credit risk exposures and the main parameters used within each method.

	Mar 25
	Replacement cost Potential future exposure Effective EPE Alpha used for computing regulatory EAD EAD post- CRM RWA $M $M $M $M $M
1 SA-CCR (for derivatives) 2 Internal Model Method (for derivatives and SFTs) 3 Simple Approach for credit risk mitigation (for SFTs) 4 Comprehensive Approach for credit risk mitigation (for SFTs) 5 Value-at-risk (VaR) for SFTs 6 RBNZ regulated entities	7,754 21,555 1.4 40,847 11,826 - - - - - - 2,928 712 - - 3,622 793
7 Total	13,331

ANZ Basel III Pillar 3 disclosure March 2025

CCR3: Standardised approach – CCR exposures by regulatory portfolio and risk weights

The table below presents a breakdown of counterparty credit risk exposures calculated according to the standardized approach by portfolio and risk weight.

This table has minor modifications from the original BCBS standard. Additional detail on this modification has been provided in Appendix 1.

Risk Weight %	Mar 25
	0% 0-10% 10-20% 20-50% 50-75% 75-100% 100-150% Greater than 150% Others Total credit exposure $M $M $M $M $M $M $M $M $M $M
1 Sovereigns 4 Banks 6 Corporates 8 Other assets 10 RBNZ regulated entities	- - - - - 213 - - - 213 - - 194 - 276 - - - - 470 - - - - 1 110 62 - - 173 - - - - - - - - - - 1,352 - 427 296 3 - - - - 2,078
11 Total	1,352 - 621 296 280 323 62 - - 2,934

ANZ Basel III Pillar 3 disclosure March 2025

CCR4: IRB – CCR exposures by portfolio and PD scale

The table below presents a detailed view of CCR exposures subject to IRB approach by asset classes and PD scale.[1 ]

ANZ applies the Standardised Approach for Counterparty Credit Risk (SACCR) for calculating Exposure at Default (EAD) across all IRB exposures as per APRA requirements. The exception is for exposures under its RBNZ regulated entities, which follow the Current Exposure Method (CEM) in line with Reserve Bank of New Zealand (RBNZ) requirements.

Portfolio/ PD scale FIRB	Mar 25
	EAD post CRM and post- CCF Average PD Number of Counterparties2 Average LGD Average maturity RWA RWA density $M % % Yr $M %
Sovereign 1 0.00 to <0.15 2 0.15 to <0.25 3 0.25 to <0.50 4 0.50 to <0.75 5 0.75 to <2.50 6 2.50 to <10.00 7 10.00 to <100.00 8 100.00 (Default)	2,981 0.02% 54 9% 1.18 48 1% 71 0.20% 2 50% 0.37 26 37% 603 0.26% 3 50% 0.05 232 38% 7 0.57% 2 50% 0.79 5 73% - 1.74% 2 50% - - 111% - - - - - - - - 21.00% 1 50% 0.01 1 276% - - - - - - -
10Sub-total	3,662 0.06% 64 16% 0.99 312 8%
11 RBNZ regulated entities	- - - - - - -
12 Total FIRB Sovereign	3,662 0.06% 64 16% 0.99 312 8%
Corporates 13 0.00 to <0.15 14 0.15 to <0.25 15 0.25 to <0.50 16 0.50 to <0.75 17 0.75 to <2.50 18 2.50 to <10.00 19 10.00 to <100.00 20 100.00 (Default)	3,166 0.09% 242 47% 3.49 1,093 35% 2,195 0.20% 112 50% 1.54 965 44% 814 0.34% 111 50% 1.08 460 57% 48 0.57% 14 50% 1.83 38 79% 73 1.12% 21 52% 0.50 69 94% - 5.00% 1 50% 0.01 - 161% - 21.00% 2 50% 0.26 1 276% - - - - - - -
22Sub-total	6,296 0.18% 503 49% 2.45 2,626 42%
23 RBNZ regulated entities	- - - - - - -
24 Total FIRB Corporates	6,296 0.18% 503 49% 2.45 2,626 42%
Financial Institutions 25 0.00 to <0.15 26 0.15 to <0.25 27 0.25 to <0.50 28 0.50 to <0.75 29 0.75 to <2.50 30 2.50 to <10.00 31 10.00 to <100.00 32 100.00 (Default)	26,601 0.06% 1,905 50% 0.87 5,024 19% 1,101 0.20% 117 52% 1.07 533 49% 1,982 0.36% 328 50% 1.21 1,362 69% 960 0.63% 137 51% 0.60 861 90% 294 1.98% 52 51% 0.39 354 121% - - - - - - - - 35.00% 1 50% - - 287% - - - - - - -
34Sub-total	30,938 0.12% 2,540 50% 0.88 8,134 26%
35 RBNZ regulated entities	- - - - - - -
36Total FIRB Financial Institutions	30,938 0.12% 2,540 50% 0.88 8,134 26%
37 Total FIRB	40,896 0.12% 3,107 47% 1.13 11,072 27%

ANZ Basel III Pillar 3 disclosure March 2025

CCR4: IRB – CCR exposures by portfolio and PD scale (continued)

Portfolio/ PD scale AIRB	Mar 25
	EAD post CRM and post- CCF Average PD Number of Counterparties Average LGD Average maturity RWA RWA density $M % % Yr $M %
Corporates 38 0.00 to <0.15 39 0.15 to <0.25 40 0.25 to <0.50 41 0.50 to <0.75 42 0.75 to <2.50 43 2.50 to <10.00 44 10.00 to <100.00 45 100.00 (Default)	1,041 0.08% 146 48% 5.38 364 35% 176 0.20% 173 43% 2.50 79 45% 328 0.35% 311 39% 2.51 163 50% 115 0.66% 209 34% 2.15 85 74% 91 1.20% 218 33% 2.64 80 90% 1 5.54% 19 21% 1.40 1 68% 3 33.00% 16 41% 0.71 6 233% 1 100.00% 6 26% 3.29 1 124%
47Sub-total	1,756 0.32% 1,098 44% 4.19 779 45%
48 RBNZ regulated entities	1,536 0.20% 750 60% 1.55 551 36%
49 Total AIRB Corporates	3,292 0.27% 1,848 52% 2.95 1,330 41%
50Specialised Lending subject to Supervised Slotting	275 69 4.40 202 76%
51 Total AIRB	3,567 0.28% 1,917 50% 3.06 1,532 43%

1 ___________ The definition of a “borrower” differs across portfolios. In some instances a wholesale borrower can be reported across more than one PD band.

ANZ Basel III Pillar 3 disclosure March 2025

CCR5: Composition of collateral for CCR exposure

The table shows a breakdown of collateral posted or received to support or reduce the CCR exposures related to derivative transactions or securities financing transactions (SFTs), including the value of settlements posted or received under the Settled-to-Market (STM) model with central counterparties (CCPs).

	Mar 25
	Collateral used in derivative transactions Collateral used in SFTs
	Fair value of collateral received Fair value of posted collateral Fair value of collateral received Fair value of posted collateral Segregated Unsegregated Segregated Unsegregated $M $M $M $M $M
1 Cash – domestic currency 2 Cash – other currencies 3 Domestic sovereign debt 4 Other sovereign debt 5 Government agency debt 6 Corporate bonds 7 Equity securities 8 Other collateral	2 5,142 - 760 12,177 30,753 7 9,547 - 17,049 45,865 49,628 - 63 - - 27,369 11,779 1,648 3,685 2,330 869 51,585 46,979 - - - - - - 336 155 - - 10,848 1,996 - - - - - - - - - - - 2,686
9 Total	1,993 18,592 2,330 18,678 147,844 143,821

Increase in collateral used in derivative transactions is primarily driven by the depreciation of AUD and NZD (–9.5%), which impacted the mark-to-market (MtM) of FX and cross-currency positions with financial counterparties covered by collateral agreements.

Collateral used in SFTs has risen due to both an increase in customer flow and FX translation from AUD depreciation, as the portfolio is predominantly denominated in USD.

ANZ Basel III Pillar 3 disclosure March 2025

CCR6: Credit derivatives exposures

The table below presents credit derivatives bought or sold by notional and fair values.

	Mar 25
	Protection bought Protection sold $M $M
1 Notionals 2 Single-name credit default swaps 3 Index credit default swaps 4 Total return swaps 5 Credit options 6 Other credit derivatives	923 937 9,855 8,249 - - - - - -
7 Total notionals	10,778 9,186
8 Fair values 9 Positive fair value (asset) 10 Negative fair value (liability)	- - 8 - 3 7

Credit derivatives are transacted by the Markets business within the Institutional division (with offsetting bought and sold protection). Index credit default swaps are used primarily to hedge credit and funding exposures on derivative trades with customers, and single-name credit default swaps are used primarily to hedge exposures on bond trading inventories.

ANZ Basel III Pillar 3 disclosure March 2025

CCR8: Exposures to central counterparties

The table below presents a comprehensive view of exposures and RWAs to CCPs.

	Mar 25
	EAD (post-CRM) RWA $M $M
1 Exposures to QCCPs (total) 2 Exposures for trades at QCCPs (excluding initial margin and default fund contributions); of which 3 (i) OTC derivatives 4 (ii) Exchange-traded derivatives 5 (iii) Securities financing transactions 6 (iv) Netting sets where cross-product netting has been approved 7 Segregated initial margin 8 Non-segregated initial margin 9 Pre-funded default fund contributions 10 Unfunded default fund contributions	478 7,326 147 7,113 143 - - 213 4 - - - 3,187 64 1,197 267 - -
11 Exposures to non-QCCPs (total) 12 Exposures for trades at non-QCCPs (excluding initial margin and default fund contributions); of which 13 (i) OTC derivatives 14 (ii) Exchange-traded derivatives 15 (iii) Securities financing transactions 16 (iv) Netting sets where cross-product netting has been approved 17 Segregated initial margin 18 Non-segregated initial margin 19 Pre-funded default fund contributions 20 Unfunded default fund contributions	- - - - - - - - - - - - - - - - - -

ANZ Basel III Pillar 3 disclosure March 2025

DIS43: Securitisation

SEC1: Securitisation exposures in the banking book

The table below presents the bank’s securitisation exposures in the banking book.[1]

	Mar 25
	Bank acts as originator/sponsor2 Bank acts as investor3
	Traditional Synthetic Sub-total Traditional Synthetic Sub-total $M $M $M $M $M $M
1 Retail (total) 2 of which: Residential mortgages 3 of which: Credit cards 4 of which: Other retail exposures 5 of which: Re-securitisation 6 Wholesale (total) 7 of which: Loans to corporates 8 of which: Commercial mortgage 9 of which: Lease and receivables 10 of which: Other wholesale 11 of which: Re-securitisation	86,515 - 86,515 9,679 - 9,679 86,515 - 86,515 8,899 - 8,899 - - - - - - - - - 780 - 780 - - - - - - - - - 5,128 - 5,128 - - - - - - - - - - - - - - - 3,618 - 3,618 - - - 1,510 - 1,510 - - - - - -

________ 1 Securitisation exposures that are prudentially regulated by a prescribed New Zealand authority are disclosed as part of the New Zealand credit RWA, per APS 330, Att. A, para. 31.

2 This includes self-securitisation assets of $81,971 million ($81,919 million as at 30 September 2024).

3 Securitisation exposures relating to third party securitisation transactions.

SEC2: Securitisation exposures in the trading book

The Group has no traditional or synthetic securitisation exposures in the trading book.

ANZ Basel III Pillar 3 disclosure March 2025

SEC3: Securitisation exposures in the banking book and associated regulatory capital requirements – bank acting as originator or as sponsor

The table below present securitisation exposures in the banking book when the bank acts as originator or sponsor and the associated capital requirements.[1]

	Mar 25
	Exposure values (by risk weight bands) Exposure values (by regulatory approach) RWA2 (by regulatory approach) Capital charge after cap3
	≤20% >20% to 50% >50% to 100% >100% to <1250% RW 1250% SEC- ERBA SEC-SA 1250% SEC- ERBA SEC-SA 1250% SEC- ERBA SEC-SA 1250% $M $M $M $M $M $M $M $M $M $M $M $M $M $M
1 Total exposures 2 Traditional Securitisation 3 of which: Securitisation 4 of which: Retail underlying 6 of which: Wholesale 8 of which: Re-securitisation 9 Synthetic Securitisation 10 of which: Securitisation 11 of which: Retail underlying 12 of which: Wholesale 13 of which: Re-securitisation	206 - - - - 206 - - 41 - - 3 - - 206 - - - - 206 - - 41 - - 3 - - - - - - - - - - - - - - - - 206 - - - - 206 - - 41 - - 3 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

________

1 Securitisation exposures that are prudentially regulated by a prescribed New Zealand authority are disclosed as part of the New Zealand credit RWA, per APS 330, Att. A, para. 31.

2 RWA metrics are before application of the cap.

3 Capital charge after cap excludes regulatory adjustment of $11 million deducted from capital (30 September 2024: $11 million) relating to the securitisation of ANZ Group-originated assets.

ANZ Basel III Pillar 3 disclosure March 2025

SEC4: Securitisation exposures in the banking book and associated capital requirements – bank acting as investor

The table below presents securitisation exposures in the banking book where the bank acts as investor and the associated capital requirements.[1 ]

	Mar 25
	Exposure values (by risk weight bands) Exposure values (by regulatory approach) RWA2 (by regulatory approach) Capital charge after cap
	≤20% >20% to 50% >50% to 100% >100% to <1250% RW 1250% SEC- ERBA SEC-SA 1250% SEC- ERBA SEC-SA 1250% SEC- ERBA SEC-SA 1250% $M $M $M $M $M $M $M $M $M $M $M $M $M $M
1 Total exposures 2 Traditional Securitisation 3 of which: Securitisation 4 of which: Retail underlying 6 of which: Wholesale 8 of which: Re-securitisation 9 Synthetic Securitisation 10 of which: Securitisation 11 of which: Retail underlying 12 of which: Wholesale 13 of which: Re-securitisation	14,798 9 - - - 4,255 10,551 - 739 1,616 - 59 129 - 14,798 9 - - - 4,255 10,551 - 739 1,616 - 59 129 - - - - - - - - - - - - - - - 9,679 - - - - 1,265 8,413 - 246 1,289 - 20 103 - 5,119 9 - - - 2,990 2,138 - 493 327 - 39 26 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

________

1 Securitisation exposures that are prudentially regulated by a prescribed New Zealand authority are disclosed as part of the New Zealand credit RWA, per APS 330, Att. A, para. 31.

2 RWA metrics are before application of the cap.

ANZ Basel III Pillar 3 disclosure March 2025

DIS50: Market risk

Definition and scope of market risk

Market Risk stems from ANZ’s trading and balance sheet activities and is the risk to ANZ’s earnings or economic value arising from changes in interest rates, foreign exchange rates, credit spreads, volatility, correlations or from fluctuations in bond, commodity, or equity prices.

Market risk management of IRRBB is reported separately on an annual basis and is excluded from this Chapter.

Regulatory approval to use the Internal Models Approach

ANZ has been approved by APRA to use the Internal Models Approach (IMA) under APS 116 Capital Adequacy: Market Risk for general market risk and under APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (Advanced ADIs) for interest rate risk in the banking book (IRRBB).

ANZ uses the standard model approach to measure market risk capital for specific risk[1] (APRA does not currently permit Australian banks to use an internal model approach for this).

For information on Market Risk objectives and policies, refer to the Pillar 3 disclosure from September 2024, Table 14.

1 Specific risk is the risk that the value of a security will change due to issuer-specific factors. It applies to interest rate and equity positions related to a specific issuer.

ANZ Basel III Pillar 3 disclosure March 2025

Table 1: Market risk – disclosures for ADIs using the standard method

		Mar 25	Sep 24
		$M	$M
1	Interest rate risk	103	125
2	Equity position risk	-	-
3	Foreign exchange risk	-	2
4	Commodity risk	-	-
	Total	103	127

	Risk Weighted Assets equivalent1	1,288	1,588

________ 1 RWA equivalent is the capital requirement multiplied by 12.5 in accordance with APS 110.

Table 2: Market risk – disclosures for ADIs using the internal models approach (IMA) for trading portfolios

The below disclosure table includes Suncorp Bank for period end Mar 2025.

			Six months ended	Mar 25
		Mean	Maximum	Minimum	Period end
	99% 1 Day Value at Risk (VaR)	$M	$M	$M	$M
1	Foreign Exchange1	3.6	8.9	2.4	2.9
2	Interest Rate	5.6	7.4	4.1	5.1
3	Credit	5.5	8.2	3.4	3.4
4	Commodity	4.9	10.9	2.3	8.7
5	Equity	-	-	-	-
			Six months ended	Mar 25
		Mean	Maximum	Minimum	Period end
	99% 10 Day Stressed VaR	$M	$M	$M	$M
1	Foreign Exchange1	40.6	77.3	15.9	43.7
2	Interest Rate	77.7	123.6	50.4	60.2
3	Credit	33.1	49.6	19.8	23.7
4	Commodity	32.6	41.2	23.7	24.0
5	Equity	-	-	-	-

________ 1 The Foreign exchange VaR excludes foreign exchange translation exposures outside of the trading book.

			Six months ended	Sep 24
		Mean	Maximum	Minimum	Period end
	99% 1 Day Value at Risk (VaR)	$M	$M	$M	$M
1	Foreign Exchange	5.6	11.5	3.2	3.2
2	Interest Rate	7.8	17.6	4.9	6.4
3	Credit	6.6	7.9	5.2	5.7
4	Commodity	2.7	4.4	1.8	3.3
5	Equity	-	-	-	-
			Six months ended	Sep 24
		Mean	Maximum	Minimum	Period end
	99% 10 Day Stressed VaR	$M	$M	$M	$M
1	Foreign Exchange	42.9	95.5	18.2	39.1
2	Interest Rate	68.1	92.8	45.7	74.0
3	Credit	37.2	43.6	30.0	34.1
4	Commodity	20.4	30.4	14.2	28.3
5	Equity	-	-	-	-

ANZ Basel III Pillar 3 disclosure March 2025

Table 2: Market risk – disclosures for ADIs using the internal models approach (IMA) for trading portfolios (continued)

Comparison of VaR estimates with actual gains/losses experienced

==> picture [294 x 263] intentionally omitted <==

In 1H25, ANZ experienced 2 actual back testing exceptions driven by unexpected volatility in the gold exchange-for-physical market in New York.

Actual Pnl Backtesting Outliers

Reporting Period: 01 Oct 2024 to 31 Mar 2025

	Actual Pnl Loss	VaR 99%
Date	$M	$M
10-Dec-24	-15.3	-10.3
17-Jan-25	-15.6	-10.3

ANZ Basel III Pillar 3 disclosure March 2025

DIS75: Macroprudential supervisory measures

CCyB1: Geographical distribution of credit exposures used in the calculation of the bank-specific countercyclical capital buffer requirement

The below table shows the geographical distribution of risk weighted credit exposures relevant to the calculation of the countercyclical capital buffer in line with APS 110. The exposures are prepared on an ultimate risk basis for private sector credit exposures which excludes exposures to ADIs and overseas equivalents, central governments and banks, regional governments, local authorities and multilateral development banks. In determining the geographical allocation of exposures, ultimate risk considers the incorporation country of the guarantor (or other risk transfer mechanism).

This table has minor modifications from the original BCBS standard. Additional detail on this modification has been provided in Appendix 1.

Geographical breakdown	Mar 25
	Countercyclical capital buffer rate Risk-weighted assets (RWA) used in the computation of the countercyclical capital buffer1 Bank-specific countercyclical capital buffer rate Countercyclical capital buffer amount % $M % $M
Australia France Germany Hong Kong Luxembourg Netherlands Norway Sweden United Kingdom Belgium Denmark Ireland South Korea	1.00% 225,969 1.00% 2,671 0.75% 2,324 0.50% 4,095 0.50% 1,090 2.00% 1,144 2.50% 499 2.00% 215 2.00% 5,726 1.00% 65 2.50% 410 1.50% 266 1.00% 1,685
Sum	246,159
Total	348,477 0.7219% 3,386
Geographical breakdown	Sep 24
	Countercyclical capital buffer rate Risk-weighted assets (RWA) used in the computation of the countercyclical capital buffer Bank-specific countercyclical capital buffer rate Countercyclical capital buffer amount % $M % $M
Australia France Germany Hong Kong Luxembourg Netherlands Norway Sweden United Kingdom Belgium Denmark Ireland South Korea	1.00% 218,914 1.00% 1,633 0.75% 1,712 1.00% 4,551 0.50% 1,109 2.00% 1,340 2.50% 386 2.00% 179 2.00% 4,197 0.50% 59 2.50% 179 1.50% 243 1.00% 1,813
Sum	236,315
Total	333,211 0.7247% 3,236

ANZ Basel III Pillar 3 disclosure March 2025

DIS80: Leverage ratio

LR1: Summary comparison of accounting assets vs leverage ratio exposure measure

The below table is a summary comparison of total consolidated assets as per the financial statements and leverage ratio exposure measure calculated in accordance with APS110.

The leverage ratio exposure measure materially differs from total consolidated sheet assets due to i) the inclusion of off-balance sheet items such as commitments and contingents ii) adjustments for derivative exposures including counterparty netting and potential future exposure iii) inclusion of securities financing transactions on daily average basis and iv) regulatory deductions which are also deducted from Tier 1 capital.

		Mar 25
		$M
1	Total consolidated assets as per published financial statements	1,302,971
2	Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but outside the scope of regulatory consolidation	(304)
3	Adjustment for securitised exposures that meet the operational requirements for the recognition of risk transference	(4,587)
4	Adjustments for temporary exemption of central bank reserves (if applicable)	-
5	Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative accounting framework but excluded from the leverage ratio exposure measure	-
6	Adjustments for regular-way purchases and sales of financial assets subject to trade date accounting	-
7	Adjustments for eligible cash pooling transactions	-
8	Adjustments for derivative financial instruments	11,977
9	Adjustment for securities financing transactions (ie repurchase agreements and similar secured lending)	(6,609)
10	Adjustment for off-balance sheet items (ie conversion to credit equivalent amounts of off-balance sheet exposures)	138,394
11	Adjustments for prudent valuation adjustments and specific and general provisions which have reduced Tier 1 capital	-
12	Other adjustments	(14,008)
13	Leverage ratio exposure measure	1,427,834

The Leverage Ratio requirements are part of the Basel Committee on Banking Supervision (BCBS) Basel III capital framework. It is a simple, nonrisk-based supplement or backstop to the current risk-based capital requirements and is intended to restrict the build-up of excessive leverage in the banking system.

Consistent with the BCBS definition, APRA’s Leverage Ratio compares Tier 1 Capital to the Exposure Measure (expressed as a percentage) as defined by APS 110: Capital Adequacy. APRA requires ADIs authorised to use the internal ratings-based approach to credit risk to maintain a minimum leverage ratio of 3.5% from January 2023.

At 31 March 2025, the Group’s Leverage Ratio of 4.4% was above the 3.5% minimum requirement. Table LR1 summarises the reconciliation of accounting assets and leverage ratio exposure measure at 31 March 2025 and Table LR2 below shows the Group’s Leverage Ratio calculation as at 31 March 2025.

ANZ Basel III Pillar 3 disclosure March 2025

LR2: Leverage ratio common disclosure template

The table below provides a detailed breakdown of the components of the leverage ratio, as well as information on the actual leverage ratio, minimum requirements and buffers.

		Mar 25	Dec 24
		$M	$M
On-balance sheet exposures
1	On-balance sheet exposures (excl. derivatives and securities financing transactions (SFTs), but incl. collateral)	1,167,801	1,167,840
2	Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the operative accounting framework	7,333	6,481
3	(Deductions of receivable assets for cash variation margin provided in derivatives transactions)	(6,468)	(7,784)
4	(Adjustment for securities received under securities financing transactions that are recognised as an asset)	-	-
5	(Specific and general provisions associated with on-balance sheet exposures that are deducted from Tier 1
	capital)	-	-
6	(Asset amounts deducted in determining Tier 1 capital and regulatory adjustments)	(14,501)	(13,915)
7	Total on-balance sheet exposures(excluding derivatives and SFTs)	1,154,165	1,152,622
Derivative exposures
8	Replacement cost associated with_all_derivatives transactions (where applicable net of eligible cash variation margin, with bilateral netting and/or the specific treatment for client cleared derivatives)	19,069	27,715
9	Add-on amounts for potential future exposure associated with_all_derivatives transactions	41,181	41,088
10	(Exempted central counterparty (CCP) leg of client-cleared trade exposures)	-	-
11	Adjusted effective notional amount of written credit derivatives	9,322	6,570
12	(Adjusted effective notional offsets and add-on deductions for written credit derivatives)	(8,909)	(5,770)
13	Total derivative exposures (sum of rows 8 to 12)	60,663	69,603
Securities financing transaction exposures
14	Gross SFT assets (with no recognition of netting), after adjustment for sale accounting transactions	75,828	72,335
15	(Netted amounts of cash payables and cash receivables of gross SFT assets)	(2,595)	(2,161)
16	Counterparty credit risk exposure for SFT assets	1,379	1,820
17	Agent transaction exposures	-	-
18	Total securities financing transaction exposures (sum of rows 14 to 17)	74,612	71,994
Other off-balance sheet exposures
19	Off-balance sheet exposure at gross notional amount	302,468	297,722
20	(Adjustments for conversion to credit equivalent amounts)	(163,222)	(159,326)
21	(Specific and general provisions associated with off-balance sheet exposures deducted in determining Tier 1 capital)	(852)	-
22	Off-balance sheet items (sum of rows 19 to 21)	138,394	138,396
Capital and total exposures
23	Tier 1 capital	62,672	62,699
24	Total exposures (sum of rows 7, 13, 18 and 22)	1,427,834	1,432,615
Leverage ratio
25	Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)	4.4%	4.4%
25a	Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)	4.4%	4.4%
26	National minimum leverage ratio requirement	3.5%	3.5%
27	Applicable leverage buffers	0.9%	0.9%
Disclosure of mean values
28	Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables	73,233	70,174
29	Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts of associated cash payables and cash receivables	80,075	74,963
30	Total exposures (including the impact of any applicable temporary exemption of central bank reserves)
	incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and	1,427,834	1,432,615
	netted of amounts of associated cash payables and cash receivables)
30a	Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves)
	incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and	1,427,834	1,432,615
	netted of amounts of associated cash payables and cash receivables)
31	Basel III leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)
	incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and	4.4%	4.4%
	netted of amounts of associated cash payables and cash receivables)
31a	Basel III leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)
	incorporating mean values from row 28 of gross SFT assets (after adjustment for sale accounting transactions and	4.4%	4.4%
	netted of amounts of associated cash payables and cash receivables)

ANZ’s leverage ratio was 4.4%, a small increase of 1 basis point over the quarter mainly from a decrease in derivative exposures.

ANZ Basel III Pillar 3 disclosure March 2025

DIS85: Liquidity

Liquidity risk overview, management and control responsibilities

Liquidity risk is the risk that the Group is either:

unable to meet its payment obligations (including repaying depositors or maturing wholesale debt) when they fall due; or
does not have the appropriate amount, tenor and composition of funding and liquidity to fund increases in its assets.

Management of liquidity and funding risks are overseen by GALCO. The Group’s liquidity and funding risks are governed by a set of principles approved by the BRC and include:

maintaining the ability to meet all payment obligations in the immediate term;
ensuring that the Group has the ability to meet ‘survival horizons’ under a range of ANZ specific, and general market, liquidity stress scenarios, at a country and Group-wide level, to meet cash flow obligations over the short to medium term;
maintaining strength in the Group’s balance sheet structure to ensure long term resilience in the liquidity and funding risk profile;
ensuring the liquidity management framework is compatible with local regulatory requirements;
preparing daily liquidity reports and scenario analysis to quantify the Group’s positions;
targeting a diversified funding base to avoid undue concentrations by investor type, maturity, market source and currency;
holding a portfolio of high quality liquid assets to protect against adverse funding conditions and to support day-to-day operations; and
establishing detailed contingency plans to cover different liquidity crisis events.

The Group operates under a non-operating holding company structure whereby:

ANZBGL’s liquidity risk management framework remains unchanged and continues to operate its own liquidity and funding program, governance frameworks and reporting regime reflecting its authorised deposit-taking institution (ADI) operations;
ANZGHL (parent entity) has no material liquidity risk given the structure and nature of the balance sheet; and
ANZ Non-Bank Group is not expected to have separate funding arrangements and will rely on ANZGHL for funding.

Key areas of measurement for liquidity risk

Scenario modelling of funding sources

The Group’s liquidity risk appetite is defined by a range of regulatory and internal liquidity metrics mandated by the ANZBGL Board. The metrics cover a range of scenarios of varying duration and level of severity.

The objective of this framework is to:

Provide protection against shorter term extreme market dislocation and stress.
Maintain structural strength in the balance sheet by ensuring that an appropriate amount of longer-term assets are funded with longer-term funding.
Ensure that no undue timing concentrations exist in the Group’s funding profile.

Key components of this framework include the Liquidity Coverage Ratio (LCR), which is a severe short term liquidity stress scenario, Net Stable Funding Ratio (NSFR) a longer-term structural liquidity measure (both of which are mandated by banking regulators including APRA) and internallydeveloped liquidity scenarios for stress testing purposes.

Liquid assets

The Group holds a portfolio of high quality (unencumbered) liquid assets to protect its liquidity position in a severely stressed environment and to meet regulatory requirements. High quality liquid assets comprise three categories consistent with Basel III LCR requirements:

Highest-quality liquid assets (HQLA1) - cash and highest credit quality government, central bank or public sector securities eligible for repurchase with central banks to provide same-day liquidity.
High-quality liquid assets (HQLA2) - high credit quality government, central bank or public sector securities, high quality corporate debt securities and high quality covered bonds eligible for repurchase with central banks to provide same-day liquidity.
Alternative liquid assets (ALA) - eligible securities that the RBNZ will accept in its domestic market operations and asset qualifying as collateral for the CLF. Group monitors and manages the size and composition of its liquid assets portfolio on an ongoing basis in line with regulatory requirements and the risk appetite set by the ANZBGL Board.

The Group monitors and manages the size and composition of its liquid assets portfolio on an ongoing basis in line with regulatory requirements and the risk appetite set by the ANZBGL Board.

Liquidity crisis contingency planning

The Group maintains APRA-endorsed liquidity crisis contingency plans for analysing and responding to a liquidity threatening event at a country and Group-wide level. Key liquidity contingency crisis planning requirements and guidelines include:

ANZ Basel III Pillar 3 disclosure March 2025

Ongoing business management	Early signs/ mild stress	Severe stress
establish crisis/severity levels	monitoring and review	activate contingency funding plans
liquidity limits	management actions not requiring business	management actions for altering asset and
early warning indicators	rationalisation	liability behaviour
Assigned responsibility for internal and external communications and the appropriate timing to		communicate.

Since the precise nature of any stress event cannot be known in advance, we design the plans to be flexible to the nature and severity of the stress event with multiple variables able to be accommodated in any plan.

Group funding

The Group monitors the composition and stability of its funding so that it remains within the Group’s funding risk appetite. This approach ensures that an appropriate proportion of the Group’s assets are funded by stable funding sources, including customer deposits; longer-dated wholesale funding (with a remaining term exceeding one year); and equity.

Funding plans prepared

3 year strategic plan prepared annually annual funding plan as part of the ANZBGL Group’s planning process forecasting in light of actual results as a calibration to the annual plan

Considerations in preparing funding plans

customer balance sheet growth

changes in wholesale funding including: targeted funding volumes; markets; investors; tenors; and currencies for senior, secured, subordinated, hybrid transactions and market conditions liquidity stress testing

ANZ Basel III Pillar 3 disclosure March 2025

LIQ1: Liquidity Coverage Ratio (LCR)

The Group’s average[1] LCR for the 3 months to 31 March 2025 has increased 2.2% from 131.0% as at 31 December 2024 to 133.2% with total liquid assets exceeding net cash outflows by an average of $78.7 billion.

As per APRA requirements, liquid assets beyond the regulatory minimum are not included in the consolidated ANZBGL Group position where they are deemed non-transferable between geographies, in particular this applies to liquid assets held in New Zealand.

The main contributors to net cash outflows were modelled outflows associated with the bank’s corporate and retail deposit portfolios, offset by inflows from maturing loans. While cash outflows associated with derivatives are material, these are effectively offset by derivative cash inflows. Modelled outflows are also included for market valuation changes of derivatives based on the past 24 months largest 30-day movements in collateral balances.

The Group has a well-diversified deposit and funding base avoiding undue concentrations by investor type, maturity, market source and currency.

The Group monitors and manages its liquidity risk on a daily basis including LCR by geography and currency. The Group’s liquidity risk framework ensures ongoing monitoring of foreign currency LCR (including derivative flows) and sets limits at the Group level to ensure mismatches are managed effectively.

The Group’s liquidity and funding management includes monitoring of liquidity across the Group, specifically for:

Individual countries, including any local regulatory requirements.
Consolidated ANZ Group Level 1 and 2 LCR
AUD only LCR for Australia as well as Level 2

Other contingent funding obligations include outflows for revocable credit and liquidity facilities, trade finance related obligations, buybacks of domestic Australian debt securities and other contractual outflows such as interest payments.

1 There were 64 daily LCR data points used in calculating the average for the current quarter and 66 in the previous quarter.

ANZ Basel III Pillar 3 disclosure March 2025

LIQ1: Liquidity Coverage Ratio (LCR) (Continued)

LIQ1: Liquidity Coverage Ratio (LCR) (Continued)
	a b c d
	Mar 25 Dec 24
	Total Unweighted value Total weighted value Total Unweighted value Total weighted value $M $M $M $M
High-quality liquid assets 1a High-quality liquid assets (HQLA) 1c Reserve Bank of New Zealand (RBNZ) securities Cash outflows 2 Retail deposits and deposits from small business customers 3 of which: Stable deposits 4 of which: Less stable deposits 5 Unsecured wholesale funding 6 of which: Operational deposits (all counterparties) and deposits in networks of cooperative banks 7 of which: Non-operational deposits (all counterparties) 8 of which: Unsecured debt 9 Secured wholesale funding 10 Additional requirements 11 of which: Outflows related to derivative exposures and other collateral requirements 13 of which: Credit and liquidity facilities 14 Other contractual funding obligations 15 Other contingent funding obligations	312,232 292,501 4,091 3,171 317,803 30,681 314,377 30,410 148,100 7,405 147,987 7,399 169,703 23,276 166,390 23,011 324,605 182,353 311,069 171,454 98,274 23,809 98,149 23,770 213,987 146,200 199,813 134,577 12,344 12,344 13,107 13,107 2,137 1,821 220,478 75,208 213,330 74,763 49,466 49,240 50,251 49,473 171,012 25,968 163,079 25,290 10,327 817 10,267 982 136,000 10,104 127,746 8,746
16 Total Cash Outflows	301,300 288,177
17 Secured lending (eg reverse repos) 18 Inflows from fully performing exposures 19 Other cash inflows	44,798 1,748 38,495 1,177 31,141 21,631 30,734 21,449 40,337 40,337 39,767 39,767
20 Total Cash Inflows	116,276 63,716 108,996 62,394
21 Total HQLA 22 Total net cash outflows	Total adjusted value Total adjusted value 316,323 295,673 237,584 225,783
23 Liquidity Coverage Ratio (%)	133.17% 130.95%

ANZ Basel III Pillar 3 disclosure March 2025

LIQ2: Net Stable Funding Ratio (NSFR)

The Group's NSFR has increased 3.2% over the quarter from 113.8% as at 31 December 2024 to 117.0% as at 31 March 2025 largely due to increases in wholesale funding.

The main sources of Available Stable Funding (ASF) at 31 March 2025 were deposits from Retail and SME customers, at 49%, with other wholesale funding at 29% and capital at 15% of the total ASF.

The majority of ANZ's Required Stable Funding (RSF) at 31 March 2025 was driven by mortgages at 51% and other lending to non-FI customers at 28% of the total RSF.

(In currency amount)	Mar 25
	Unweighted value by residual maturity Weighted value No maturity < 6 months6 months to < 1 year ≥ 1 year $M $M $M $M $M
Available stable funding (ASF) item
1 Capital: 2 Regulatory capital 3 Other capital instruments 4 Retail deposits and deposits from small business customers: 5 Stable deposits 6 Less stable deposits 7 Wholesale funding: 8 Operational deposits 9 Other wholesale funding 10 Liabilities with matching interdependent assets 11 Other liabilities: 12 NSFR derivative liabilities 13 All other liabilities and equity not included in the above categories	70,114 - - 37,532 107,646 70,114 - - 37,532 107,646 - - - - - 254,851 140,871 267 24 364,833 122,811 45,573 - - 159,965 132,040 95,298 267 24 204,868 172,411 382,977 65,083 94,715 262,001 99,696 - - - 49,848 72,715 382,977 65,083 94,715 212,153 - - - - - 18,964 9,436 358 2,797 2,976 9,436 - - 18,964 - 358 2,797 2,976
14 Total ASF	737,456
Required stable funding (RSF) item
15a Total NSFR high-quality liquid assets (HQLA) 15b Alternative liquid assets (ALA) 15c Reserve Bank of New Zealand (RBNZ) securities 16 Deposits held at other financial institutions for operational purposes 17 Performing loans and securities: 18 Performing loans to financial institutions secured by Level 1 HQLA 19 Performing loans to financial institutions secured by non-Level 1 HQLA and unsecured performing loans to financial institutions 20 Performing loans to non-financial corporate clients, loans to retail and small business customers, and loans to sovereigns, central banks and PSEs, of which: 21 With a risk weight of less than or equal to 35% under the Basel II standardised approach for credit risk 22 Performing residential mortgages, of which: 23 Standard loans to individuals with a LVR of 80% or below 24 Securities that are not in default and do not qualify as HQLA, including exchange-traded equities 25 Assets with matching interdependent liabilities 26 Other assets: 27 Physical traded commodities, including gold 28 Assets posted as initial margin for derivative contracts and contributions to default funds of central counterparties 29 NSFR derivative assets 30 NSFR derivative liabilities before deduction of variation margin posted 31 All other assets not included in the above categories 32 Off-balance sheet items	12,315 - 872 - - - - - 12,598 166,035 43,676 661,477 562,471 - 73,352 - - 7,334 299 30,380 12,072 40,492 51,384 11,322 56,481 26,036 150,767 175,932 - 426 360 15,631 10,553 - 5,254 5,250 456,816 321,489 - 4,333 4,293 380,578 255,747 977 568 318 13,402 6,332 - - - - - 31,147 37,084 1,294 7,075 44,763 5,474 4,653 6,391 - - 5,432 12,528 - - 3,093 17,998 - - 3,600 25,673 167 1,294 7,075 27,985 - - 238,307 10,142
33 Total RSF	630,563
34 Net Stable Funding Ratio (%)	116.95%

ANZ Basel III Pillar 3 disclosure March 2025

LIQ2: Net Stable Funding Ratio (NSFR) (continued)

(In currency amount)	Dec 24
	Unweighted value by residual maturity Weighted value No maturity < 6 months6 months to < 1 year ≥ 1 year $M $M $M $M $M
Available stable funding (ASF) item
1 Capital: 2 Regulatory capital 3 Other capital instruments 4 Retail deposits and deposits from small business customers: 5 Stable deposits 6 Less stable deposits 7 Wholesale funding: 8 Operational deposits 9 Other wholesale funding 10 Liabilities with matching interdependent assets 11 Other liabilities: 12 NSFR derivative liabilities 13 All other liabilities and equity not included in the above categories	68,161 - - 36,426 104,587 68,161 - - 36,426 104,587 - - - - - 254,651 139,458 311 25 363,384 122,303 45,331 - - 159,252 132,348 94,127 311 25 204,132 173,800 390,103 47,645 93,233 249,720 97,905 - - - 48,953 75,895 390,103 47,645 93,233 200,767 - - - - - 27,669 12,411 360 3,967 4,147 12,411 - - 27,669 - 360 3,967 4,147
14 Total ASF	721,838
Required stable funding (RSF) item
15a Total NSFR high-quality liquid assets (HQLA) 15b Alternative liquid assets (ALA) 15c Reserve Bank of New Zealand (RBNZ) securities 16 Deposits held at other financial institutions for operational purposes 17 Performing loans and securities: 18 Performing loans to financial institutions secured by Level 1 HQLA 19 Performing loans to financial institutions secured by non-Level 1 HQLA and unsecured performing loans to financial institutions 20 Performing loans to non-financial corporate clients, loans to retail and small business customers, and loans to sovereigns, central banks and PSEs, of which: 21 With a risk weight of less than or equal to 35% under the Basel II standardised approach for credit risk 22 Performing residential mortgages, of which: 23 Standard loans to individuals with a LVR of 80% or below 24 Securities that are not in default and do not qualify as HQLA, including exchange-traded equities 25 Assets with matching interdependent liabilities 26 Other assets: 27 Physical traded commodities, including gold 28 Assets posted as initial margin for derivative contracts and contributions to default funds of central counterparties 29 NSFR derivative assets 30 NSFR derivative liabilities before deduction of variation margin posted 31 All other assets not included in the above categories 32 Off-balance sheet items	11,842 - 891 - - - - - 12,620 163,962 51,171 647,173 562,508 - 65,670 - - 6,567 801 33,558 13,561 41,307 53,923 10,661 58,320 32,013 146,443 175,637 - 445 373 15,484 10,473 - 5,082 5,060 452,251 318,367 - 4,192 4,141 376,246 252,859 1,158 1,332 537 7,172 8,014 - - - - - 40,676 48,869 1,020 4,628 49,083 5,517 4,690 6,281 - - 5,339 19,172 - - 6,761 21,638 - - 4,328 35,159 1,778 1,020 4,628 27,965 - - 226,997 9,989
33 Total RSF	634,313
34 Net Stable Funding Ratio (%)	113.80%

ANZ Basel III Pillar 3 disclosure March 2025

Appendix 1: Modification Details

Minor modifications were made to the content of the disclosures under the BCBS Standard where there are inconsistencies between the BCBS Standard and the Australian context. These modifications are noted in the respective tables throughout this document and outlined in detail in the table below.

Chapter	Template	Name	Row/ Column in BCBS template	Details	Modification	Rationale
DIS20: Overview of risk management, key prudential metrics and RWA	KM1	Key Metrics	Rows 14b-14d	Impact of any applicable temporary exemption of central bank reserves	Removed	Not applicable in the Australian context
	OV1	Overview of RWA	Rows 11-14 Row 15 Rows 25, 27-28	Equity Settlement risk Amounts below the thresholds for deduction subject to 250% risk weight and floor adjustment before/ after application of transitional cap	Removed Removed Removed	A capital deduction with no related RWA amounts Low materiality- standardised approach (SA) Not applicable in the Australian context
DIS21: Comparison of Modelled and Standardised RWA	CMS1	Comparison of modelled and standardised RWA at risk level	Row 7a	As above	As above	As above
	CMS2	Comparison of modelled and standardised RWA at Asset Class level	Heading- column b	RWA for portfolios where standardised approaches are used (original heading: RWA for column (a) if re-computed using the standardised approach)	Modified	Provides further clarity on the disclosure
DIS25: Composition of Capital	CC1	Composition of Regulatory Capital	Rows 26a-j; 56 a-c Rows 80-85	National-specific regulatory adjustments in Common Equity Tier 1 and Tier 2 capital Phase-out arrangements 2018-2022,	Disclosed Removed	Provides sufficient details and clarity on relevant specific adjustments. No longer relevant.
	CC2	Reconciliation of regulatory capital to balance sheet		The format of the table, as per the BCBS template, is flexible, provided the rows align with the presentation of the bank’s financial report. Thus, rows in Table CC2 have been adjusted to align with ANZ’s financial report.		The format of the table, as per the BCBS template, is flexible, provided the rows align with the presentation of the bank’s financial report. Thus, rows in Table CC2 have been adjusted accordingly.

ANZ Basel III Pillar 3 disclosure March 2025

Chapter	Template	Name	Row/ Column in BCBS template	Details	Modification	Rationale
DIS40: Credit Risk	CR6	IRB - Credit risk exposures	Column h – “Average Maturity”	Retail “average maturity”	Removed	Average maturity has been excluded for Retail, consistently with industry practice, as it does not add relevant information for users.
DIS42: Counterparty Credit Risk	CCR3	Standardised Approach- CCR exposure	Column "greater than 150%”	Column "greater than 150%"	Added	Provides more meaningful details than using the "other " column.
DIS50: Market Risk	Table 1 Table 2	Market Risk- Standard Method Market Risk- Internal Models Approach (IMA)	Qualitative disclosure	Market risk management objectives and policies	To be disclosed annually	Consistently with the other risk categories, Market Risk qualitative disclosure will be provided on an annual basis.
DIS75: Macroprudential supervisory measures	CCYB1	Geographical distribution of credit exposures used in the calculation of the bank- specific countercyclical capital buffer requirement	Column b	Exposure Values	Removed	Reflects the computation of the countercyclical capital buffer (based on RWA).

ANZ Basel III Pillar 3 disclosure March 2025

Glossary

ADI	Authorised Deposit-taking Institution.
Collectively Assessed Provision for	Collectively assessed provisions for credit impairment represent the Expected Credit Loss
Credit Impairment	(ECL) calculated in accordance with AASB 9 Financial Instruments (AASB 9). These
	incorporate forward looking information and do not require an actual loss event to have
	occurred for an impairment provision to be recognised.
Counterparty credit risk	Counterparty credit risk is the risk of loss due to a counterparty failing to meet its obligations
	before the final settlement of the transaction's cash flows.
Credit exposure	The aggregate of all claims, commitments and contingent liabilities arising from on- and off-
	balance sheet transactions (in the banking book and trading book) with the counterparty or
	group of related counterparties.
Credit risk	Credit risk is the risk of loss due to a borrower or counterparty failing to meet their
	obligations.
Credit Valuation Adjustment (CVA)	Over the life of a derivative instrument, ANZ uses a CVA model to adjust fair value to take
	into account the impact of counterparty credit quality. The methodology calculates the
	present value of expected losses over the life of the financial instrument as a function of
	probability of default, loss given default, expected credit risk exposure and an asset
	correlation factor. Impaired derivatives are also subject to a CVA.
Credit Valuation adjustment (CVA)	A capital charge to reflect potential mark-to-market losses due to counterparty migration risk
capital charge	for bilateral over-the-counter derivative contracts.
Days past due	The number of days a credit obligation is overdue, commencing on the date that the arrears
	or excess occurs and accruing for each completed calendar day thereafter.
Encumbered and unencumbered	Encumbered assets are assets that the bank is restricted or prevented from liquidating,
assets	selling, transferring or assigning due to legal, regulatory, contractual or other limitations.
	Unencumbered assets are assets which do not meet the definition of encumbered.
Exposure at Default (EAD)	Exposure At Default is defined as the expected facility exposure at the date of default.
Individually Assessed Provisions for	Individually assessed provisions for credit impairment are calculated in accordance with
Credit Impairment	AASB 9 Financial Instruments (AASB 9). They are assessed on a case-by-case basis for all
	individually managed impaired assets taking into consideration factors such as the realisable
	value of security (or other credit mitigants), the likely return available upon liquidation or
	bankruptcy, legal uncertainties, estimated costs involved in recovery, the market price of the
	exposure in secondary markets and the amount and timing of expected receipts and
	recoveries.
Market risk	The risk to ANZ’s earnings arising from changes in interest rates, foreign exchange rates,
	credit spreads, volatility, correlations or from fluctuations in bond, commodity or equity
	prices. ANZ has grouped market risk into two broad categories to facilitate the
	measurement, reporting and control of market risk:
	Traded market risk - the risk of loss from changes in the value of financial instruments due to
	movements in price factors for both physical and derivative trading positions. Trading
	positions arise from transactions where ANZ acts as principal with customers, financial
	exchanges or inter-bank counterparties.
	Non-traded market risk (or balance sheet risk) - comprises interest rate risk in the banking
	book and the risk to the AUD denominated value of ANZ’s capital and earnings due to
	foreign exchange rate movements.
Operational risk	The risk of loss resulting from inadequate or failed internal processes, people and systems,
	or from external events including legal risk but excluding reputation risk.
Past due facilities	Facilities where a contractual payment has not been met or the customer is outside of
	contractual arrangements are deemed past due. Past due facilities include those operating

ANZ Basel III Pillar 3 disclosure March 2025

	in excess of approved arrangements or where scheduled repayments are outstanding but do
	not include impaired assets.
Qualifying Central Counterparties	QCCP is a central counterparty which is an entity that interposes itself between
(QCCP)	counterparties to derivative contracts. Trades with QCCP attract a more favourable risk
	weight calculation.
Recoveries	Payments received and taken to profit for the current period for the amounts written off in
	prior financial periods.
Risk Weighted Assets (RWA)	Assets (both on and off-balance sheet) are risk weighted according to each asset’s inherent
	potential for default and what the likely losses would be in the case of default. In the case of
	non-asset backed risks (i.e., market and operational risk), RWA is determined by multiplying
	the capital requirements for those risks by 12.5.
Securitisation risk	The risk of credit related losses greater than expected due to a securitisation failing to
	operate as anticipated, or of the values and risks accepted or transferred, not emerging as
	expected.
Write-Offs	Facilities are written off against the related provision for impairment when they are assessed
	as partially or fully uncollectable, and after proceeds from the realisation of any collateral
	have been received. Where individual provisions recognised in previous periods have
	subsequently decreased or are no longer required, such impairment losses are reversed in
	the current period income statement.

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Australia and New Zealand Banking Group Ltd. — Audit Report / Information 2025

10425_rns_2025-05-08_f45b43e1-76c9-4936-a83a-5492cc280237.pdf

APS 330 Pillar 3 Disclosure at 31 March 2025

2025 Basel III Pillar 3 Disclosure

Important notice

08 May 2025

Table of Contents[1]

ANZ Basel III Pillar 3 disclosure March 2025

Introduction

Purpose of this document

Basel in ANZ

Suncorp Bank Acquisition

Verification of disclosures

Comparison to ANZBGL’s Financial Reporting

Key Changes in the Pillar 3 report

DIS20: Overview of risk management, key prudential metrics and RWA

KM1: Key metrics (at consolidated group level)

Common Equity Tier 1

Leverage ratio

Total Risk Weighted Assets

Liquidity

Key metrics - Suncorp Bank

OV1: Overview of RWA

________

Credit Risk Weighted Assets

Market Risk, Operational Risk and IRRBB RWA

Floor adjustment RWA

DIS21: Comparison of modelled and standardised RWA

CMS1: Comparison of modelled and standardised RWA at risk level

Risk weights

EAD measurement

CMS2: Comparison of modelled and standardised RWA for credit risk at asset class level

DIS25: Composition of capital

Restrictions on Transfers of Capital within ANZ

CCA: Main features of regulatory capital instruments

CC1: Composition of regulatory capital

CC1: Composition of regulatory capital (continued)

CC1: Composition of regulatory capital (continued)

CC2: Reconciliation of regulatory capital to balance sheet

CC2: Reconciliation of regulatory capital to balance sheet (continued)

DIS31: Asset encumbrance

ENC: Asset encumbrance

DIS40: Credit risk

CR1: Credit quality of assets

Definition of default

CR2: Changes in stock of non-performing loans and debt securities

________

CR3: Credit risk mitigation techniques – overview

CR4: Standardised approach – credit risk exposure and credit risk mitigation (CRM) effects

CR5: Standardised approach – exposures by asset classes and risk weights

CR6: IRB – Credit risk exposures by portfolio and PD range

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

CR6: IRB – Credit risk exposures by portfolio and PD range (continued)

CR7: IRB – Effect on RWA of credit derivatives used as CRM techniques

CR8: RWA flow statements of credit risk exposures under IRB

CR10: IRB (specialised lending under the slotting approach, other than HVCRE)

DIS42: Counterparty credit risk

CCR1: Analysis of CCR exposures by approach

ANZ Basel III Pillar 3 disclosure March 2025

CCR3: Standardised approach – CCR exposures by regulatory portfolio and risk weights

CCR4: IRB – CCR exposures by portfolio and PD scale

CCR4: IRB – CCR exposures by portfolio and PD scale (continued)

CCR5: Composition of collateral for CCR exposure

CCR6: Credit derivatives exposures

CCR8: Exposures to central counterparties

DIS43: Securitisation

SEC1: Securitisation exposures in the banking book

SEC2: Securitisation exposures in the trading book

SEC4: Securitisation exposures in the banking book and associated capital requirements – bank acting as investor

DIS50: Market risk

Definition and scope of market risk

Regulatory approval to use the Internal Models Approach

Table 2: Market risk – disclosures for ADIs using the internal models approach (IMA) for trading portfolios

Comparison of VaR estimates with actual gains/losses experienced

Actual Pnl Backtesting Outliers

DIS75: Macroprudential supervisory measures

CCyB1: Geographical distribution of credit exposures used in the calculation of the bank-specific countercyclical capital buffer requirement

DIS80: Leverage ratio

Australia and New Zealand Banking Group Ltd. Audit Report / Information 2025