ANZ: Q1 Result 2013

ANZ has announced its first quarter update for 31 December 2012 (ANZ has a 30 September year end), with cash profit increasing 6.2% to $1.53bn. The result can’t be judged without the detail released with the half-year results, but the company cited volume growth in Asia and good cost control for the result. The net interest margin remained flat, although it fell slightly if you exclude the more volatile results from the Global Markets division. This is consistent with Commonwealth Bank’s recent interim result where an improved global economic outlook helped stabilise financial markets. Holding back some of the...

ANZ has announced its first quarter update for 31 December 2012 (ANZ has a 30 September year end), with cash profit increasing 6.2% to $1.53bn. The result can’t be judged without the detail released with the half-year results, but the company cited volume growth in Asia and good cost control for the result. The net interest margin remained flat, although it fell slightly if you exclude the more volatile results from the Global Markets division. This is consistent with Commonwealth Bank’s recent interim result where an improved global economic outlook helped stabilise financial markets.

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