ANZ named lead institutional bank for seventh year

ANZ been recognised by the market as the lead banking partner for customers and the most reliable source of funding for the seventh year in a row.

According to the 2022 Peter Lee Associates Large Corporation and Institutional Relationship Banking Survey, Australia, the majority of the 603 large Australian corporates surveyed cited ANZ as their lead relationship bank.

The survey also named ANZ as the market leader in ESG (environmental, social and governance) and sustainable finance for the second year in a row, with ANZ also first in the market for both industry knowledge and understanding client funding needs best.

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ANZ managing director institutional Australia & PNG Tammy Medard (pictured) said through the pandemic, ANZ customers needed to know that their bank was t. for them.

“We were able to give them certainty in a time of significant uncertainty and this year’s results tell us that they value us most for that capability,” Medard said.

“It’s particularly pleasing to once again be recognised as a market leader in the increasingly important areas of ESG and sustainable finance.

“ESG is a megatrend in banking and we’re encouraged to see our clients say they value our analysis, advisory and solutions in this space. That said, it’s a competitive market and we are always striving to improve.”

ANZ’s other highlights from the survey include being recognised  as No.1 in lead bank penetration since 2016, as well as No.1 rankings for most dependable and reliable for funding since 2016, market leader in ESG/sustainable finance since inception in 2021 and leading domestic transactional banking since 2016 and offshore transaction banking since 2015 (against four domestic majors).

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The Peter Lee Associates Large Corporate and Institutional Banking survey is a leading indicator of performance across wholesale banking in Australia. In total, 603 Australia-based large corporates and financial institutions with more than $500m in annual turnover were surveyed.