ANZ’s retail operations strong but commercial side’s profit falls
ANZ Bank's retail operations continue to deliver rising profits but its commercial operations took a hit in the latest year.
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The underlying weakness in ANZ Bank’s annual net profit was all in the commercial banking operations, with the retail operations continuing strong profit growth.
Net profit for the year ended September fell 13% to $1.54 billion, mostly reflecting accounting changes.
Profit from the commercial
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Jenny Ruth
Fri, 04 Nov 2016
Fri, 04 Nov 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’s retail operations strong but commercial side’s profit falls
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