News & Analysis » Asia
ANZ Bank Reports 9-month Underlying Profit Of A$3.6 Bln
August 20, 2010, Friday, 13:05 GMT | 08:05 EST | 17:35 IST | 20:05 SGT
(RTTNews) - Australia and New Zealand Banking Group Ltd. or ANZ Bank(ANZBY.PK, ANZ.AX) reported nine-month underlying profit of A$3.6 billion, up 26% from last year. Profit before provisions up 5% to A$6.5 billion from prior year.
Global Markets income lower than the exceptional levels achieved in 2009. The company said that the domestic credit growth will continue to be softer.
The company added that business momentum continues, provisions trend lower in the third quarter.
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