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Australia's ANZ Bank posts 10 percent profit rise

Australia's ANZ Bank posts 10 percent profit rise

One of Australia's largest banks, ANZ Banking Group, has posted a 10 percent increase in its first half profit to 2.92 billion Australian dollars ($3.02 billion) but warns that margins in its Australian business are declining.
The Melbourne-based bank's net profit for the six months to March 31 posted Wednesday is up from AU$2.66 billion in the previous corresponding period.
Analysts had expected a higher net profit of about AU$2.96 billion.
Australian banks proved resilient against the global economic downturn and remain among a handful of banks in the world to maintain a AA credit rating.


Updated : 2021-08-02 21:23 GMT+08:00