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ANZ has lodged its first-half result for 2020 today including a cash profit of $A1.41 billion down 60 per cent on the same period last year. The Board has deferred a decision on its interim dividend until August in order to gain more clarity on the emerging economic environment.
This decline in profit reflects a significant increase in credit provision charges to $A1.674 billion primarily to increase credit reserves for COVID-19 impacts ($A1.031 billion). Additionally, the valuation of investments in two Asian associates (in Indonesia and Malaysia) were impaired by $A815 million, largely due to the impact COVID-19 is having in those markets.
The bank’s capital position was above the Australian Prudential Regulation Authority’s (APRA) ‘unquestionably strong’ measure at 10.8 per cent. Earnings-per-share decreased 60 per cent to A49.9 cents.
You can see key aspects of the results in the infographic below.
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Click here for full-screen
Jill Campbell is Head of Investor Relations at ANZ
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
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INFOGRAPHIC: ANZ’s 2020 half-year result
2020-04-30
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