ANZ Banking Group
(ASX:ANZ) says its unaudited underlying profit, excluding one-offs and non-cash accounting items, increased by 5.5 per cent to $4.5 billion in the nine months to the end of June 2012.
The bank has also reported 10.3 per cent growth in its unaudited net profit for the same nine month period.
Income from ANZ’s Australia, New Zealand and International and Institutional Banking divisions rose but income from its Wealth division fell over the nine months.
CEO Mike Smith says the bank has managed ongoing funding and competitive pressures well with group margins stable relative to the end of the first half.
Mr Smith also says while the credit environment reflects the pressures in the broader economy there have been no developments which would lead ANZ to alter its provision outlook.
