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ANZ Profit Rises on Deposit Growth, Expansion in Business Loans

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ANZ Profit Rises on Deposit Growth, Expansion in Business Loans ANZ Group Holdings Ltd.’s profit climbed in the third quarter as the bank grew customer deposits and lending expanded in its business and private banking division. Cash profit rose to A$1.9 billion ($1.3 billion) in the three months ended June 30, according to a statement on Thursday. The Melbourne-based lender said its return on tangible equity stood at 11.54%, a metric Chief Executive Officer Nuno Matos is hoping will improve...

ANZ Profit Rises on Deposit Growth, Expansion in Business Loans ANZ Group Holdings Ltd.’s profit climbed in the third quarter as the bank grew customer deposits and lending expanded in its business and private banking division. Cash profit rose to A$1.9 billion ($1.3 billion) in the three months ended June 30, according to a statement on Thursday. The Melbourne-based lender said its return on tangible equity stood at 11.54%, a metric Chief Executive Officer Nuno Matos is hoping will improve over time.
ANZ Profit Rises (ORG) Deposit Growth, Expansion in (ORG) Business Loans ANZ Profit Rises (ORG) Business Loans ANZ Group Holdings Ltd.’s (ORG) Melbourne (LOCATION) Nuno Matos (PERSON)
Originally published by Bloomberg Markets Read original →