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Hot Topic Local Govt
Hot Topic Local Govt
General Business
3 mins to read

ANZ profit drops 25% on Covid-19 impact

Credit impairments charges hit bottom line as parent defers dividend.

Tim Hunter Thu, 30 Apr 2020

ANZ Bank’s New Zealand arm has reported a 25% drop in cash profit for the half year to March, as impairment charges and the divestment of OnePath Life hit the bottom line.

In results reported to the ASX this morning, ANZ said cash profit at its New Zealand business was $594 million, compared

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Tim Hunter Thu, 30 Apr 2020
Contact the Writer: thunter@nbr.co.nz
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ANZ profit drops 25% on Covid-19 impact
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