ANZ posts strong lift in Q1 cash profit

Smith says global challenges becoming predictable, unveils $1bn notes issue.

Australia and New Zealand Banking Group Ltd has posted a strong lift in its first-quarter cash profit, as the lender says global challenges persist but are becoming more predictable.

In the three months to December 31, the lender posted an unaudited cash profit of $1.73 billion, a 13% lift on the previous corresponding period.

Unaudited statutory net profit in the same period was $1.64 billion.

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