October 30, 2019 / 8:48 PM / 14 days ago

ANZ second-half profit falls 3%, hurt by low interest rates, "intense" competition

Oct 31 (Reuters) - Australia and New Zealand Banking Group Ltd on Thursday reported a second-half cash profit that fell nearly 3%, as record low interest rates, remediation for past misdeeds and “intense competition” impacted the lender’s bottom line.

Cash profit from continuing operations for the six months ending Sept. 30 fell to A$2.91 billion ($2.01 billion). (reut.rs/3332suX)

That was lower compared to an estimate of A$2.93 billion, according to a Reuters poll of six analysts.

The lender maintained its final dividend at A$0.80 per share.

$1 = 1.4495 Australian dollars Reporting by Devika Syamnath in Bengaluru; Editing by Shounak Dasgupta and Shailesh Kuber

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below