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.
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
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ANZ Bank’s profit, margins slide as bad debt charges rise
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