Australia and New Zealand Banking Group
(ASX:ANZ) has provided a trading update to investors for the 9 months to 30 June 2015.
The bank says it had had a good performance in an overall lower growth environment, with unaudited cash profit up 4 per cent to $5.4 billion.
Unaudited statutory net profit for the period was $5.58 billion up 11 per cent.
ANZ CEO Mike Smith says economies in the bank’s markets have slowed a little compared to previous years and global conditions remain challenging.
The bank says its recent capital raising has allowed it to address regulatory change required by APRA on capital reserves.
ANZ recorded a net profit of $3.5 billion in the half year to 31 March 2015.
