ANZ bank’s biggest assets are in Asia and its biggest liabilities are in the United States, according to a new report.
The bank has $17.5 trillion in assets and $1.7 trillion in liabilities, according the report, which was prepared by global bank consultancy Gartner and was released ahead of the company’s annual general meeting on Wednesday.
The Australian bank has the world’s second-largest balance sheet, with assets of $1 trillion and liabilities of $864 billion.
The United States holds a $931 billion balance sheet and Australia has $3.6 trillion.
Australia’s most valuable asset is its $7.6 billion share of the gold market, according Gartners.
The rest is owned by a group of companies including the Australian Mining Association, which owns about $4 billion in gold.
Australia also holds $7 billion of the world trade in copper.
Australia is one of the top five countries in the developed world for bank reserves, with a total of $20 trillion, according a Garters report.