ANZ announces boost in profits

Company News

by Anna Napoli

ANZ (ASX:ANZ) has announced its profit rose 4.1 per cent to $3.49 billion in the six months to March.

The Melbourne based lender said Tier 1 capital was 11 per cent up at 91 basis points.

Meantime, return on equity increased to 11.9 per cent from 11.6 per cent for the same period last year.

ANZ proposed a fully franked interim dividend of 80 cents per share.

Commenting on outlook, the bank’s CEO said he expects revenue growth for the second half 2018 to be constrained by intense competition and increased regulation.

Shares in ANZ (ASX:ANZ) closed up 0.79 per cent to $26.84 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.