Australia and New Zealand Banking Group (ASX:ANZ) has reported a 31 per cent jump in cash profit for the December quarter to $2 billion.
Revenue was up 7 per cent and the bank’s expenses fell 4 per cent.
ANZ says its core businesses in Australia and New Zealand performed well, with retail being a strong contributor in particular.
Business deposits were up 6 per cent and household deposits increased by 4 per cent.
Global markets income of $706 million also benefited from favourable trading conditions arising from a strengthening USD and rising yield curves.