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Solid results from institutional banking, New Zealand and cost control have offset tough operating conditions, particularly in Australian retail banking, in ANZ’s half-year result.
ANZ posted a 2 per cent increase in cash profit during the half year to $A3.56 billion and held the interim dividend steady at A80c.
Cost control was a highlight with absolute expenses down for another half. Since the end of 2015, ANZ has absorbed inflation each year while also reducing the cost of running the bank by approximately $A250 million, even when excluding divestments.
The bank also continue to deliver a strong capital position and earnings-per-share growth.
You can see highlights of the results below.
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Click here for a full screen version
Melissa Currie is Visual Production Editor at bluenotes
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anzcomau:Bluenotes/Banking,anzcomau:Bluenotes/anz-news,anzcomau:Bluenotes/anz-results
In pictures: ANZ’s 2019 half-year result
2019-05-01
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EDITOR'S PICKS
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CEO says ANZ is managing well through transformation and a tricky environment.
2019-05-01 11:27 -
The complete story of ANZ’s 2019 half-year result in one place.
2019-05-01 11:34