APS 330 Pillar 3 Disclosure at 30 June 2025

Australia and New Zealand Banking Group Limited
9/833 Collins Street Docklands Victoria 3008 Australia
ABN 11 005 357 522
15 August 2025

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

APS 330 Pillar 3 Disclosure at 30 June 2025


Australia and New Zealand Banking Group Limited (ANZ) today released its APS 330 Pillar 3 Disclosure
as at 30 June 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

As at 30 June 2025
APS 330: Public Disclosure
2025
Basel III
Pillar 3
Disclosure

ANZ Basel III Pillar 3 disclosure
June 2025

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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
June 2025
3
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 30 June
2025, have been prepared in accordance with ANZ’s Public Disclosure of Prudential Information Policy in all material respects.
KEVIN CORBALLY
Group Chief Risk Officer
15 August 2025

ANZ Basel III Pillar 3 disclosure
June 2025

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Table of Contents0F
1

Introduction ................................................................................................................................................................................................... 5
DIS20: Overview of risk management, key prudential metrics and RWA ..................................................................................................... 7
KM1: Key metrics (at consolidated group level)................................................................................................................................... 7
Key metrics - Suncorp Bank ................................................................................................................................................................ 8
OV1: Overview of RWA ....................................................................................................................................................................... 9
Overview of EAD and RWA ............................................................................................................................................................... 11
DIS21: Comparison of modelled and standardised RWA ........................................................................................................................... 12
CMS1: Comparison of modelled and standardised RWA at risk level ............................................................................................... 12
DIS40: Credit risk ........................................................................................................................................................................................ 14
CR8: RWA flow statements of credit risk exposures under IRB ........................................................................................................ 14
DIS80: Leverage ratio ................................................................................................................................................................................. 15
LR2: Leverage ratio common disclosure template............................................................................................................................. 15
DIS85: Liquidity ........................................................................................................................................................................................... 16
LIQ1: Liquidity Coverage Ratio (LCR) ............................................................................................................................................... 18
Appendix 1: Modification Details ................................................................................................................................................................. 20
Glossary ...................................................................................................................................................................................................... 21


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
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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 30 June 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. 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 on the integration of Suncorp Bank into ANZ
risk management frameworks and policies.
Verification of disclosures
These Pillar 3 disclosures have been verified in accordance with Board-approved policy, including ensuring consistency with information contained
in returns provided to APRA.

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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, 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 non-revolving 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
1F
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

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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,
Liquidity coverage ratio (LCR) and Net Stable Funding Ratio (NSFR).
This table has minor modifications from the original BCBS standard. Additional detail on these modifications has been provided in Appendix 1.

Jun 25 Mar 25 Dec 24 Sep 24 Jun 24
$M $M $M $M $M
Available capital (amounts)
1 Common Equity Tier 1 (CET1) 56,942 55,229 54,333 54,469 57,576
2 Tier 1 64,322 62,672 62,699 62,676 65,846
3 Total capital 96,834 95,503 92,447 91,865 93,141
Risk-weighted assets (amounts)
4 Total risk-weighted assets (RWA) 476,830 468,999 472,434 446,582 433,213
4a Total risk-weighted assets (pre-floor) 465,879 456,940 461,059 441,710 412,882
Risk-based capital ratios as a percentage of RWA
5 CET1 ratio (%) 11.9% 11.8% 11.5% 12.2% 13.3%
5b CET1 ratio (%) (pre-floor ratio) 12.2% 12.1% 11.8% 12.3% 13.9%
6 Tier 1 ratio (%) 13.5% 13.4% 13.3% 14.0% 15.2%
6b Tier 1 ratio (%) (pre-floor ratio) 13.8% 13.7% 13.6% 14.2% 15.9%
7 Total capital ratio (%) 20.3% 20.4% 19.6% 20.6% 21.5%
7b Total capital ratio (%) (pre-floor ratio) 20.8% 20.9% 20.1% 20.8% 22.6%
Additional CET1 buffer requirements as a percentage of RWA
8 Capital conservation buffer requirement (2.5% from 2019) (%) 3.75% 3.75% 3.75% 3.75% 3.75%
9 Countercyclical buffer requirement (%) 0.7191% 0.7219% 0.7276% 0.7247% 0.6971%
10 Bank G-SIB and/or D-SIB additional requirements (%) 1.00% 1.00% 1.00% 1.00% 1.00%
11 Total of bank CET1 specific buffer requirements (%) 5.47% 5.47% 5.48% 5.47% 5.45%
12
CET1 available after meeting the bank’s minimum capital requirements
(%)
7.4% 7.3% 7.0% 7.7% 8.8%
Basel III Leverage ratio
13 Total Basel III leverage ratio exposure measure 1,447,763 1,427,834 1,432,615 1,344,137 1,250,307
14
Basel III leverage ratio (%) (including the impact of any applicable
temporary exemption of central bank reserves)
4.4% 4.4% 4.4% 4.7% 5.3%
Liquidity Coverage Ratio (LCR)
15 Total high-quality liquid assets (HQLA) 324,230 316,323 295,673 275,264 256,996
16 Total net cash outflow 242,689 237,584 225,783 207,942 195,514
17 LCR ratio (%) 133.63% 133.17% 130.95% 132.38% 131.40%
Net Stable Funding Ratio (NSFR)
18 Total available stable funding 744,791 737,456 721,838 704,909 648,532
19 Total required stable funding 642,418 630,563 634,312 607,169 558,211
20 NSFR ratio 115.94% 116.95% 113.80% 116.10% 116.18%

Common Equity Tier 1
Level 2 CET1 ratio of 11.9%, an increase of 16bps since March 2025. Key drivers were:
• An increase in capital due to profit generated during the 3 months to 30 June 2025.
• Offsetting underlying RWA growth was mainly due to lending growth in the Institutional and Australia Retail divisions plus an increase in
Market Risk RWA.
• Capital floor adjustment contributed a +3bps increase to the CET1 ratio in 3Q25, driven by +2bps from CRWA movement and +1bps from
Non-Credit RWA movements.

Leverage ratio
APRA leverage ratio was stable over the quarter at 4.4%.

Total Risk Weighted Assets
For key movements in RWA see table OV1: Overview of RWA.

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Liquidity
The Group’s average LCR for the 3 months to 30 June 2025 has increased 0.4% from 133.2% as at 31 March 2025 to 133.6% with total liquid
assets exceeding net cash outflows by an average of $81.5 billion.
Through the period the LCR has remained within the range 128% to 140%. The liquid asset portfolio was made up of on average 42.6%
($136.1 billion) cash and central bank reserves and 52.3% ($166.9 billion) HQLA1 securities, with the remaining mainly consisting of HQLA2
securities.
The Group's NSFR has decreased 1.0% over the quarter from 117.0% as at 31 March 2025 to 115.9% as at 30 June 2025. This decline was
primarily driven by an increase in loans, partly offset by deposit growth as well as an increase in the proportion of wholesale funding in the less
than 6-month maturity bucket.
The main sources of Available Stable Funding (ASF) at June 2025 were deposits from Retail and SME customers, at 49%, with other wholesale
funding at 28% and capital at 15% of the total ASF.
The majority of ANZ's Required Stable Funding (RSF) at June 2025 was driven by mortgages at 51% and other lending to non-financial institution
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.

Jun 25 Mar 25 Dec 24 Sep 24
$M $M $M $M
Available capital (amounts)
1 Common Equity Tier 1 (CET1) 3,666 3,559 3,440 3,345
2 Tier 1 4,226 4,119 4,000 3,905
3 Total capital 5,063 4,955 4,830 4,751
Risk-weighted assets (amounts)
4 Total risk-weighted assets (RWA) 34,060 33,356 33,516 33,422
Risk-based capital ratios as a percentage of RWA
5 CET1 ratio (%) 10.8% 10.7% 10.3% 10.0%
6 Tier 1 ratio (%) 12.4% 12.3% 11.9% 11.7%
7 Total capital ratio (%) 14.9% 14.9% 14.4% 14.2%

ANZ Basel III Pillar 3 disclosure
June 2025

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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
Minimum capital
requirements

Jun 25 Mar 25 Jun 25

$M $M $M
1 Credit risk (excluding counterparty credit risk) 361,775 357,140 28,942
2 of which: standardised approach (SA) 41,363 42,612 3,309
3 of which: foundation internal ratings-based (FIRB) approach 73,363 69,351 5,869
4 of which: supervisory slotting approach 14,827 15,360 1,186
5 of which: advanced internal ratings-based (AIRB) approach
1
232,222 229,817 18,578
6 Counterparty credit risk (CCR) 14,345 13,809 1,148
7 of which: standardised approach for counterparty credit risk 13,645 13,097 1,092
8 of which: IMM - - -
9 of which: other CCR 700 712 56
10 Credit valuation adjustment (CVA) 4,991 4,736 399
16 Securitisation exposures in banking book 2,535 2,396 203
17 of which: securitisation IRB approach (SEC-IRBA) - - -
18
of which: securitisation external ratings-based approach (SEC-ERBA), including internal
assessment approach (IAA)
870 780 70
19 of which: securitisation standardised approach (SEC-SA) 1,665 1,616 133
20 Market risk 7,719 6,854 617
21 of which: standardised approach (SA) 1,193 1,288 95
22 of which: internal model approach (IMA) 6,526 5,566 522
24 Operational risk
2
53,773 50,648 4,302
25a IRRBB regulatory RWA 20,741 21,357 1,659
26 Output floor applied (%) 72.5% 72.5%
28 Floor adjustment 10,951 12,059 876
29 Total 476,830 468,999 38,146
________________________________
1
Includes a $3.1 billion RWA overlay relating to the Australian Residential Mortgages PD model introduced from 30 June 2024 reporting period.
2
Reporting period 30 June 2025 includes $12.5 billion ($1 billion capital) operational risk RWA overlay, applied to both Level 1 and Level 2. Corresponding overlay for 31
March 2025 was $9.4 billion RWA ($750 million capital).


The minimum capital requirement is based on an 8% capitalisation rate, however ANZ’s current CET1 ratio is 11.9% as at 30 June 2025.
Credit Risk Weighted Assets
Credit RWA for 30 June 2025 totalled $383.6 billion ( which includes Credit Risk, Counterparty Credit Risk, CVA and Securitisation), a $5.6 billion
increase over the quarter. The main drivers of this increase included:

• Volume growth (+$4.6 billion) which includes an increase in the Institutional division (+$2.4 billion) from lending growth in Corporate Finance
and an increase in Australia Retail (+$1.4 billion) driven by growth in Home Loans.
• Data and methodology (+$1.0 billion) from cumulative adjustments arising from refinement in processes, data and methodology treatments
• Portfolio risk and foreign exchange impacts were both neutral.
Market Risk, Operational Risk and IRRBB RWA
Traded Market risk RWA increased by $0.9 billion over the quarter, primarily driven by higher 10-day Standard VaR and Stressed VaR components.
IRRBB RWA decreased by $0.6 billion over the quarter primarily due to an improvement in Embedded Gains.
Operational risk RWA increased by $3.1 billion due to Operational risk RWA overlay increase from $750 million capital to $1 billion capital, applied
to both Level 1 and Level 2, from 30 April 2025.

ANZ Basel III Pillar 3 disclosure
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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 30 June 2025, the RWA floor adjustment was $11.0 billion, a decrease of $1.1 billion over the quarter.
The decrease in the RWA floor adjustment included:
• A net reduction of $0.6 billion from credit risk, primarily driven by Institutional portfolio mix.
• A reduction arising from the additional Operational risk overlay, which increased Operational risk RWA by $3.1 billion but contributed a smaller
$2.7 billion RWA increase to the Output Floor.
• A partially offsetting increase arising from IRRBB, where a decrease in IRRBB RWA of $0.6 billion had no impact on the Output Floor.

ANZ Basel III Pillar 3 disclosure
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Overview of EAD and RWA
The table below shows a summary of EAD and RWA by asset class.

Jun 25
EAD Post-CCF and Post-CRM RWA
Credit risk
Counterparty
credit risk
Total Credit risk
Counterparty
credit risk
Total
$m $m $m $m $m $m
1 Subject to AIRB approach 704,540 2,722 707,262 232,222 1,210 233,432
2 of which Corporate (including SME) 140,491 1,719 142,210 65,978 764 66,742
3 of which Retail SME 16,781 - 16,781 9,527 - 9,527
4 of which Residential mortgage
1
371,200 - 371,200 95,516 - 95,516
5 of which Qualifying revolving retail 12,576 - 12,576 3,101 - 3,101
6 of which Other retail 1,483 - 1,483 1,675 - 1,675
7 of which RBNZ regulated banking subsidiary 162,009 1,003 163,012 56,425 446 56,871
8 Subject to FIRB approach 446,003 40,257 486,260 73,363 11,449 84,812
9 of which Corporate 97,480 6,637 104,117 38,458 2,743 41,201
10 of which Sovereign 254,360 4,032 258,392 10,055 287 10,342
11 of which Financial institution 94,163 29,588 123,751 24,850 8,419 33,269
12
Subject to supervisory slotting (including
RBNZ)
17,803 420 18,223 14,827 320 15,147
13 Subject to standardised approach 130,297 14,835 145,132 41,363 1,366 42,729
14 of which Corporate (including SME) 16,223 243 16,466 12,728 216 12,944
15 of which Residential mortgage 64,343 - 64,343 22,385 - 22,385
16 of which Sovereign 11,080 239 11,319 - 239 239
17 of which Other exposures 13,032 11,328 24,360 4,222 465 4,687
18 of which RBNZ regulated banking subsidiary 25,619 3,025 28,644 2,028 446 2,474
19 Total credit and counterparty credit risk 1,298,643 58,234 1,356,877 361,775 14,345 376,120
20 Credit valuation adjustment 4,991
21 Securitisation exposures in banking book 15,963 2,535
22
Total subject to calculation of RWA for credit
risk
1,372,840 383,646
23 Market risk 7,719
24 Operational risk 53,773
25 Interest rate risk in the banking book 20,741
26 Floor adjustment 10,951
27 Total RWA 476,830
________________________________
1
Includes a $3.1 billion RWA overlay relating to the Australian Residential Mortgages PD model introduced from 30 June 2024 reporting period.

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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.

Jun 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) 320,412 41,363 361,775 561,941
2 Counterparty credit risk 12,979 1,366 14,345 26,737
3 Credit valuation adjustment 4,991 4,991 4,991
4 Securitisation exposures in the banking book - 2,535 2,535 2,535
5 Market risk 6,526 1,193 7,719 7,719
6 Operational risk 53,773 53,773 53,773
7a IRRBB 20,741 20,741
7 Residual RWA
1
- 10,951 10,951 -
8 Total 360,658 116,172 476,830 657,696
________________________________
1
Reflects the standardised floor adjustment.

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) 314,528 42,612 357,140 554,974
2 Counterparty credit risk 12,604 1,205 13,809 27,287
3 Credit valuation adjustment 4,736 4,736 4,736
4 Securitisation exposures in the banking book - 2,396 2,396 2,396
5 Market risk 5,566 1,288 6,854 6,854
6 Operational risk 50,648 50,648 50,648
7a IRRBB 21,357 21,357
7 Residual RWA - 12,059 12,059 -
8 Total 354,055 114,944 468,999 646,895

In accordance with current prudential regulations, APRA (and RBNZ in the New Zealand context) has approved ANZ’s use of the internal ratings-
based 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 1.1 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).

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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.
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).

ANZ Basel III Pillar 3 disclosure
June 2025

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DIS40: Credit risk
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
.

Jun 25
Mar 25 Dec 24
RWA Amount RWA Amount RWA Amount
$M $M $M
1 RWA as at end of previous reporting period 314,528 313,949 299,585
2 Asset size 5,083 409 12,816
3 Asset quality (28) 613 (1,119)
4 Model updates - - 747
5 Methodology and policy 939 (340) (1,556)
6 Acquisitions and disposals - - -
7 Foreign exchange movements (110) (103) 3,476
8 Other - - -
9 RWA as at end of reporting period 320,412 314,528 313,949
_______________________________
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
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DIS80: Leverage ratio
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.
Jun 25 Mar 25 Dec 24
$M $M $M
On-balance sheet exposures
1
On-balance sheet exposures (excl. derivatives and securities financing transactions (SFTs), but incl.
collateral)
1,186,042 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
7,305 7,333 6,481
3 (Deductions of receivable assets for cash variation margin provided in derivatives transactions) (8,605) (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) (14,821) (14,501) (13,915)
7 Total on-balance sheet exposures (excluding derivatives and SFTs) 1,169,921 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)
16,088 19,069 27,715
9 Add-on amounts for potential future exposure associated with all derivatives transactions 41,062 41,181 41,088
10 (Exempted central counterparty (CCP) leg of client-cleared trade exposures) - - -
11 Adjusted effective notional amount of written credit derivatives 10,131 9,322 6,570
12 (Adjusted effective notional offsets and add-on deductions for written credit derivatives) (9,849) (8,909) (5,770)
13 Total derivative exposures (sum of rows 8 to 12) 57,432 60,663 69,603
Securities financing transaction exposures
14 Gross SFT assets (with no recognition of netting), after adjustment for sale accounting transactions 82,607 75,828 72,335
15 (Netted amounts of cash payables and cash receivables of gross SFT assets) (2,386) (2,595) (2,161)
16 Counterparty credit risk exposure for SFT assets 1,758 1,379 1,820
17 Agent transaction exposures - - -
18 Total securities financing transaction exposures (sum of rows 14 to 17) 81,979 74,612 71,994
Other off-balance sheet exposures
19 Off-balance sheet exposure at gross notional amount 301,633 302,468 297,722
20 (Adjustments for conversion to credit equivalent amounts) (162,346) (163,222) (159,326)
21
(Specific and general provisions associated with off-balance sheet exposures deducted in determining
Tier 1 capital)
(856) (852) -
22 Off-balance sheet items (sum of rows 19 to 21) 138,431 138,394 138,396
Capital and total exposures
23 Tier 1 capital 64,322 62,672 62,699
24 Total exposures (sum of rows 7, 13, 18 and 22) 1,447,763 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% 4.4%
25a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves) 4.4% 4.4% 4.4%
26 National minimum leverage ratio requirement 3.5% 3.5% 3.5%
27 Applicable leverage buffers 0.9% 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
80,221 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
83,075 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 netted of amounts of associated cash payables and cash receivables)
1,447,763 1,427,834 1,432,615
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 netted of amounts of associated cash payables and cash receivables)
1,447,763 1,427,834 1,432,615
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 netted of amounts of associated cash payables and cash receivables)
4.4% 4.4% 4.4%
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 netted of amounts of associated cash payables and cash receivables)
4.4% 4.4% 4.4%

ANZ’s leverage ratio was stable over the quarter at 4.4%.

ANZ Basel III Pillar 3 disclosure
June 2025

16

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 Group Asset and Liability Committee. The Group’s liquidity and funding risks are
governed by a set of principles approved by the Board Risk Committee 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 internally-
developed 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.

ANZ Basel III Pillar 3 disclosure
June 2025

17

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:

Ongoing business management Early signs/ mild stress Severe stress
establish crisis/severity levels
liquidity limits
early warning indicators
monitoring and review
management actions not requiring business
rationalisation
activate contingency funding plans
management actions for altering asset and
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 Considerations in preparing funding plans
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
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
June 2025

18

LIQ1: Liquidity Coverage Ratio (LCR)

The Group’s average2F
1
LCR for the 3 months to 30 June 2025 has increased 0.4% from 133.2% as at 31 March 2025 to 133.6% with total liquid
assets exceeding net cash outflows by an average of $81.5 billion.
Through the period the LCR has remained within the range 128% to 140%. The liquid asset portfolio was made up of on average 42.6% ($136.1
billion) cash and central bank reserves and 52.3% ($166.9 billion) HQLA1 securities, with the remaining mainly consisting of HQLA2 securities.
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 65 daily LCR data points used in calculating the average for the current quarter and 64 in the previous quarter.

ANZ Basel III Pillar 3 disclosure
June 2025

19

LIQ1: Liquidity Coverage Ratio (LCR) (Continued)
Jun 25 Mar 25

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) 319,396 312,232
1b Alternative liquid assets (ALA) - -
1c Reserve Bank of New Zealand (RBNZ) securities 4,834 4,091
Cash outflows
2 Retail deposits and deposits from small business customers 325,390 31,337 317,803 30,681
3 of which: Stable deposits 151,109 7,555 148,100 7,405
4 of which: Less stable deposits 174,281 23,782 169,703 23,276
5 Unsecured wholesale funding 330,946 187,914 324,605 182,353
6
of which: Operational deposits (all counterparties) and deposits in networks of
cooperative banks
101,854 24,722 98,274 23,809
7 of which: Non-operational deposits (all counterparties) 211,766 145,866 213,987 146,200
8 of which: Unsecured debt 17,326 17,326 12,344 12,344
9 Secured wholesale funding 613 2,137
10 Additional requirements 224,070 75,298 220,478 75,208
11 of which: Outflows related to derivative exposures and other collateral requirements 49,796 48,356 49,466 49,240
12 of which: Outflows related to loss of funding on debt products - - - -
13 of which: Credit and liquidity facilities 174,274 26,942 171,012 25,968
14 Other contractual funding obligations 10,448 988 10,327 817
15 Other contingent funding obligations 136,695 9,164 136,000 10,104
16 Total Cash Outflows 305,314 301,300
Cash inflows - - - -
17 Secured lending (eg reverse repos) 48,122 1,170 44,798 1,748
18 Inflows from fully performing exposures 33,614 24,154 31,141 21,631
19 Other cash inflows 37,301 37,301 40,337 40,337
20 Total Cash Inflows 119,037 62,625 116,276 63,716

Total
adjusted
value

Total
adjusted
value
21 Total HQLA 324,230 316,323
22 Total net cash outflows 242,689 237,584
23 Liquidity Coverage Ratio (%) 133.63% 133.17%

ANZ Basel III Pillar 3 disclosure
June 2025

20

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 Equity Removed A capital deduction with no related RWA
amounts
Row 15 Settlement risk Removed Low materiality- standardised approach (SA)
Rows 25, 27-28 Amounts below the thresholds for deduction
subject to 250% risk weight and floor
adjustment before/ after application of
transitional cap
Removed 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

ANZ Basel III Pillar 3 disclosure
June 2025

21

Glossary

ADI Authorised Deposit-taking Institution.
Collectively Assessed Provision for
Credit Impairment

Collectively assessed provisions for credit impairment represent the Expected Credit Loss
(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)
capital charge

A capital charge to reflect potential mark-to-market losses due to counterparty migration risk
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
assets

Encumbered assets are assets that the bank is restricted or prevented from liquidating, 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
Credit Impairment

Individually assessed provisions for credit impairment are calculated in accordance with 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 in
excess of approved arrangements or where scheduled repayments are outstanding but do not
include impaired assets.

ANZ Basel III Pillar 3 disclosure
June 2025

22

Qualifying Central Counterparties
(QCCP)

QCCP is a central counterparty which is an entity that interposes itself between 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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