ANZ profit up 2 per cent to $3.56b

ANZ Bank’s profits rose 2 per cent to $3.56 billion in the first half, as the lender benefited from falling bad debts and lower expenses.

The bank on Wednesday said its cash profit on a continuing basis rose 2 per cent, while it kept its interim dividend on hold at 80c a share.

ANZ chief executive Shayne Elliott.

ANZ chief executive Shayne Elliott.Credit: Alex Ellinghausen

Analysts had forecast a cash profit of about $3.4 billion and an unchanged dividend of 80c a share.

More to come




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