ANZ raises profit while losing market share
ANZ focuses on cutting costs.
ANZ Bank’s New Zealand arm is losing market share in both the dairy and housing markets but net profit has rebounded to a double-digit increase.
Net profit for the six months ended March rose 14% to $869 million, rebounding from the previous year’s 13% decline.
ANZ’s share of dairy lending
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Wed, 03 May 2017
Wed, 03 May 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
ANZ raises profit while losing market share
66681