The First Nations economy has the potential for growth to $50 billion annually in the next decade, ANZ has projected in a new co-authored report.

The bank launched its own inaugural First Nations strategy (2025-2035), 'Fuelling the Fire' at its Naarm headquarters on Wednesday.

It's an Australian first, Noongar woman and ANZ head of First Nations Strategy Shelley Cable said, and one aligned with realising the "infinite" potential of this section of the national economy, and Indigenous communities aspirations for economic self determination.

The bank last week announced its First Nations Guarantee program, which unlocks access to capital for First Nations startups and existing business, reached an asset finance lending figure of $150 million.

Its Australian First Nations Strategy was inspired by the Te Ao Māori Strategy, Tākiri ā Rangi, launched in Aotearoa in 2022.

ANZ have listed a range of goals to meet at checkpoints across the next decade under the strategy, with three main priorities; to improve financial inclusion and wellbeing, growing the First Nations economy with aims to be its 'bank of choice', and building internal cultural intelligence.

Outlined targets for 2027 include investment in First Nations-led financial education and wellbeing initiatives, publish two reports on the First Nations economy for broader national understanding and all executives and board members complete face-to-face cultural learning.

Rollout of culturally informed services and bank-wide First Nations cultural learning framework in house are in targets set for 2030.

By 2035, ANZ aims for proportionate representation across its business and senior roles, and 'ANZ has invested in the next generation of First Nations people to be financially empowered and confident, evidenced by culturally relevant financial wellbeing measures."

Over 60 First Nations people including Native Title holders, young people, customers and business leaders around Australia contributed to shaping the strategy, ANZ said.

Ms Cable told National Indigenous Times the bank is also moving to establish a First Nations Banking team, and making efforts to improve customer experience for Indigenous people and businesses.

"We're seeking to align our investments and our efforts with First Nations priorities and aspirations for economic self determination," Ms Cable said.

"What true success looks like is when money no longer divides, eludes or excludes First Nations people. (when) it actually empowers and unites First Nations people, when the financial system works for and not against First Nations people."

Ms Cable added Australia, at large, benefits from a First Nations economy which realises the potential its building towards.

Speaking to Wednesday's launch, recently-appointed ANZ chief executive Nuno Matos was steadfast the strategy "is not about charity", and rather, driving opportunity and social outcomes.

On continuation of established growth trends, 7.3 per cent annually across 2016 to 2021, the First Nations economy has been forecast for growth from $16.1 billion to $38 billion in revenue each year by 2035.

In 2021, 68 per cent of the $16.1 billion came out of the construction, professional services, health, social and aged care, administration and retail.

This is according to a report co-authored by ANZ and Deloitte - taking estimates from the Dilin Duwa Centre for Indigenous Business Leadership.

Last year, Dilin Duwa director Michelle Evans said "the Indigenous business sector is growing at the rate of 8.29 per cent year-on-year".

There's potential for this revenue figure to reach $51 billion by the same stage, the ANZ-Deloitte report projects, per modelling of an First Nations economy growing to 2.3 times its current size made up of 42,300 businesses averaging $1.2 million in revenue.

Long-term, the report states the potential for a $232 billion annual revenue by 2050.

Deloitte Access Economics Partner and Worimi man Professor Deen Sanders told Wednesday's launch Indigenous business' place in the Australian economy has been largely "misunderstood".

Professor Sanders said "profound elements" contributed to the findings of the projection report.

Indigenous businesses employ more people on average, and have a younger workforce than non-Indigenous people, among other examples, he said.

"We employ people. We grow horizontally. We embrace wider systems and supply chains. We spread the money further," Professor Sanders said.

"We are the future of the whole economy, not just the future of the First Nations economy," he added.