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ANZBY - ANZ: New Zealand Exposure In The Spotlight
Australia & New Zealand Banking Group Ltd. ADR
ANZ Bank has significant exposure to New Zealand, which will see a significant increase in regulatory capital requirements in the near future.
The bank is well on track to recover from the pandemic, as evidenced by a doubling of its half-yearly cash profit in the recent 1H FY 2021 period.
The market values ANZ Bank at 1.30 times trailing P/B and 13.4 times consensus forward FY 2022 P/E, and it offers a consensus forward FY 2022 dividend yield of 4.9%.