ANZ Banking Group’s
(ASX:ANZ) unaudited cash profit grew 6.2 per cent to $1.53 billion in the first quarter of the 2013 financial year.
On a statutory basis, the bank's unaudited quarterly profit dropped 20 per cent to $1.36 billion.
CEO Mike Smith says the environment for wealth remains subdued and ANZ continues to manage costs while investing in transforming the business.
Mr Smith has also advised provisions came in line with expectations over the quarter and has affirmed the bank’s full year guidance.
ANZ Bank increased its net profit by 6 per cent to $5.7 billion in the 12 months to the end of September 2012.
