Australia and New Zealand Banking Group (ASX:ANZ) has boosted its net profit by 15 per cent to $7.3 billion, in the 12 months to September 30, which is in line with analysts’ expectations.
The bank has reported a cash profit of $7.1 billion which represents a 10 per cent increase and says operating income rose 8 per cent to more than $20 billion.
The company says cash profit from Asia increased 25 per cent in the year with international business now making up 24 per cent of group revenues.
CEO Mike Smith says this is another good performance which is positioning ANZ well, in a more constrained operating environment.
A fully franked final dividend of 95 cents per share has been declared and will be paid on December 16, this brings the full year dividend to 178 cents.
