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Bank head credits strong economy for ANZ’s record profit

ANZ reports $2.3b net profit in year ending September, but warns of dark economic clouds ahead.

ANZ chief executive Antonia Watson speaks with Jonathan Mitchell.

The head of ANZ said the reason the bank did so well in its last financial year was due to New Zealand’s strong economy. 

The country’s biggest bank has reported a record full-year profit because of strong economic activity and a buoyant housing market.

ANZ’s statutory net profit for the 12

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Jonathan Mitchell Thu, 27 Oct 2022
Contact the Writer: jmitchell@nbr.co.nz
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Bank head credits strong economy for ANZ’s record profit
Investment,
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