ANZ
(ASX:ANZ) has reported its statutory profit for the third quarter to 30 June 2017 hit $1.67 billion while its cash profit rose rise 3.5 per cent to $1.79 billion.
The big four bank saw its revenue fall 0.3 per cent in the quarter.
The bank says although it’s in a period of lower sector revenue, with some sectors of the economy experiencing challenges, its credit quality has improved.
The bank saw a drop in expenses by 1 per cent in the quarter..
Shares in ANZ
(ASX:ANZ) are traded 0.58 per cent higher yesterday to $29.43.
