ANZ reports slight drop in annual profit to $2b
The country’s largest bank reports higher costs and intense competition in the year ended September.
ANZ’s revenue increased by 1% over the financial year.
ANZ’s annual profit has declined slightly, amid competition among the Big Four in New Zealand to retain and attract customers, along with rising costs.
The country’s largest bank said its net profit fell 2% to $2.09 billion, compared with the previous year ended September, which included losses
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