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Record housing market demand sees ANZ profits up 44%

Covid provisioning down, runaway housing market drives mortgage lending up.

Maria Slade Thu, 28 Oct 2021

ANZ New Zealand has reported a 44% increase in net profit on the back of record housing market demand and a big drop in Covid bad debt provisions.

The country’s biggest bank made a statutory net profit after tax (npat) of $1.91 billion for the year to September, up from $1.33b the previous

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Record housing market demand sees ANZ profits up 44%
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