ANZ Banking Group (ASX:ANZ) says its New Zealand business has recorded an improved performance in the nine months to the end of June 2012.
ANZ’s New Zealand division posted 12 per cent growth in its underlying profit, coming in at $1.02 billion.
Statutory net profit gained 31 per cent, coming in at $965 million on the back of a focus on simplifying products and services and tight management of costs and risk.
ANZ New Zealand CEO David Hisco says the bank remains well capitalised with strong liquidity.
Last week ANZ Bank reported a 5.5 per cent increase in its unaudited underlying profit and 10.3 per cent growth in its unaudited net profit for the same nine month period.
ANZ posted a net profit of $2.9 billion in the first half of the 2012 financial year.