“The results we have announced today demonstrate our franchise is strong, but action is needed. We are absolutely committed to executing ANZ 2030 and are on the right path. As we deliver our strategy, we will accelerate growth and outperform the market, while delivering more for our customers,” Matos said.
ANZ’s operating income rose 5 per cent in the year, but this was more than offset by a 20 per cent jump in its operating expenses, as a result of the significant items. The bank raised its provisions for bad and doubtful debts, saying there had been an increase in individual provisions for soured loans in the half. Overall loan quality, it said, was “sound”.
ANZ kept its final dividend unchanged at 83¢, as flagged by Matos at the recent investor day.
More to come
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