Company Code :ANZ
Company Name :
ANZ Banking Group Limited
What do they do ?
ANZ is a major Australian-based bank operating a retail and business banking franchise in Australia, New Zealand and throughout the South Pacific. Australian operations make up the largest part of ANZs business with commercial & retail banking & funds management. Following the acquisition of National Bank of New Zealand, ANZ is the largest bank in New Zealand. Expansion in the Asian region in is being undertaken.
Share Holder Discount Requirements :
300 Shares -- Priced at 52 week high ($30.00) this is a cost of $9000.00
Shareholder Discount/ Shareholder Benefit :
A detailed document is available at :
Some of the discounts include :
- Unlimited free ANZ transactions on an everyday bank account
- Bonus interest rate on Progress Saver accounts
- Special term deposit rates
- Between 5% - 20% discount on insurance
- Discounts on loans, etc
These are but a few of the offerings. These discounts would be more useful for existing customers of the bank as people rarely change banks.
It should be noted that this company is currently reviewing the benefits offered.
Good Luck
3 comments:
In my opinion you should not make any investment decison based on s/holders discounts. A fine example was Coles-Myer s/holder card which did not bring much benefits.
Hi,
I must say that you should watch financial condition of Australia before investing.Australia is heading for the next credit crisis in 2010 with $50 billion of commercial lending coming up for maturity. The European markets have $350 billion in commercial lending coming up for maturity and the US as another round of mortgage resets of over $225
billion this credit crisis is far from over. Check out www.jpminvestmentgroup.com.au for more information.
JPM Investment Group
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