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ANZ has posted a slightly higher half-year cash profit on the back of improved results from institutional banking, New Zealand and low bad debt charges after weathering headwinds in a tough retail banking environment. However tightened cost controls paid off with expenses down while earnings per share growing in the period.
The interim dividend was held steady at A80c, fully franked.
ANZ posted a cash profit on a continuing basis of $A3.56 billion in the half year, a 2 per cent increase. Statutory profit was down 5 per cent at $A3.17 billion.
The bank’s capital position remained strong with Core Equity Tier 1 capital rising to 11.5 per cent.
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FULL COVERAGE: ANZ’s HY19 result
2019-05-01
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EDITOR'S PICKS
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CEO says ANZ is managing well through transformation and a tricky environment.
2019-05-01 11:27 -
Driving a better outcome for shareholders is key to capital allocation, says ANZ’s CFO.
2019-05-01 11:29