ANZ Cedes Deposit Share After 14 Months Under Nuno Matos as Competition Intensifies
Updated
Updated · The Australian Financial Review · Jul 5
ANZ Cedes Deposit Share After 14 Months Under Nuno Matos as Competition Intensifies
2 articles · Updated · The Australian Financial Review · Jul 5
Summary
ANZ is losing ground in deposits, with the latest prudential regulator update showing the Melbourne-based lender under heavier pressure than its big-four rivals.
Escalating competition for deposits at the top end of the banking sector is driving that slippage, as banks fight harder to attract and retain funding.
The setback lands 14 months into Nuno Matos's tenure, highlighting a key weakness for ANZ in a segment central to balance-sheet strength.
The figures underscore how the industry's deposit war is reshaping market share among Australia's largest lenders, with ANZ so far bearing more of the strain.