ANZ reports A$7.6b cash profit as provisions rise
The Australian bank’s cash profit rose 31 per cent, with cost cuts helping lift its result. ANZ also faced higher provisions amid economic pressures and flat margins.
ANZ reported full-year cash profit of A$7.6 billion, up 31 per cent, as its chief executive said the bank’s transformation was on track. The Australian Financial ReviewThe Australian Financial ReviewThe West Australian
Operating expenses fell 14 per cent and operating income rose 3 per cent. The Sydney Morning Herald
Provisions rose and margins were flat, while reporting highlighted economic pressures facing customers. The Australian Financial ReviewThe Australian Financial ReviewThe West AustralianThe West Australian