ANZ Bank

ANZ has announced its first quarter result (it has a 30 September year end), with underlying net profit increasing 4.1% to $1.5bn compared to the same period last year. With higher funding costs reducing ANZ’s profit margins in Australia by nine basis points, varying mortgage rates independent of the Reserve Bank is a sensible move. The big four banks’ ability to pass on higher costs to its customers shouldn’t be underrated, but with mortgage lending growth slowing to levels not seen since the seventies ANZ has eliminated 1,000 jobs from its 24,000-strong workforce to help preserve profit margins. Having...

ANZ has announced its first quarter result (it has a 30 September year end), with underlying net profit increasing 4.1% to $1.5bn compared to the same period last year. With higher funding costs reducing ANZ’s profit margins in Australia by nine basis points, varying mortgage rates independent of the Reserve Bank is a sensible move.

{{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