Australia and New Zealand Banking Group
(ASX:ANZ) has revealed a statutory profit of $4.7 billion for the 9 months to June 30, a 7 per cent lift on the same period last year.
Cash profit for the same period came in at $4.8 billion, up 11 per cent.
The lender says it is making progress on its growth strategy in Australia and Asia and that its performance is in line with expectations.
Chief executive officer Mike Smith says ANZ’s full-year revenue growth has been slower than last year and ongoing productivity improvements provide positive revenue-cost jaws.
He says the lender is continuing to actively manage efficiency across the business with a focus on improving productivity and capital utilisation.
