ANZ Bank’s profit, margins slide as bad debt charges rise
ANZ Bank says its core retail and commercial banking businesses are doing fine. With special feature audio.
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Contributing to ANZ Bank’s 13% fall in first-half net profit was the 15-point slide in its profit margins, a rise in charges for bad debts and a one-off accounting change.
New Zealand’s largest bank’s profit for the six months ended March fell to $763 million, $114 million lower than in the
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Jenny Ruth
Wed, 04 May 2016
Wed, 04 May 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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ANZ Bank’s profit, margins slide as bad debt charges rise
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