ANZ statutory profit rises 14% in 1H2017

Company News

by Jessica Amir

Australia and New Zealand Banking Group (ASX:ANZ) has announced its unaudited statutory profit rose 14% to NZ$869 million for the first half of the 2017 financial year, compared to the prior corresponding period (PCP).

Meantime, the bank’s expenses decreased by 3% adjusted for changes, while its net interest income increased 3%.

ANZ says all of its business units performed well in the first half due to the simplification of the business.

The banks boosted its focus on digital innovation and says it has the most home loan market share.

Shares in ANZ (ASX:ANZ) fell 2.43% at the open to $32.15.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?