ANZ quarterly cash profit jumps

Company News

by Carolyn Herbert

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. 

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.