ANZ continues to defy gravity, for now

ANZ’s improving credit quality, cost control measures and strong international performance have produced solid results in a subdued lending environment. But the auto industry’s closure could yet flow to the banks.

ANZ Banking Group’s first-quarter performance signals that the Australian majors are continuing to defy the gravity of low demand for credit and pressure on net interest margins.

A 13 per cent lift in earnings relative to the previous corresponding quarter, albeit only about 3 per cent ahead of the preceding quarter, is a very strong performance in a very subdued credit environment.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles