ANZ (ASX:ANZ) investors are hoping the tipped 22 per cent jump in cash profit for the bank will be confirmed when it starts the major-bank interim profit reporting season tomorrow.
Lower bad debts and a margin boost in home lending are expected to benefit the bank, but credit growth and average funding costs may not be as beneficial.
While the bank rolls out its super-regional strategy, cost growth is also expected to outpace revenue expansion.
In March the bank announced it was to target up to 30 per cent earnings growth in Asia, Europe and the Americas by 2017.
In the 2010 financial year ANZ booked a net profit of $4.5 billion.
