ANZ Bank’s annual profit rises 12% as it scraps a UDC float
ANZ Bank continues to lose market share in mortgages, KiwiSaver and business lending.
Jenny Ruth Wed, 31 Oct 2018
ANZ Bank says it has nixed plans to float UDC Finance and put any sale on ice at the same time as its New Zealand operations reported a 12% lift in annual net profit.
Net profit for the year ended September rose to just under $2 billion, although its preferred measure, cash profit, grew at a
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