ANZ posts 10pc 1H profit rise

Australia and New Zealand Banking Group, the country’s fourth-largest bank, on Tuesday reported a 10 per cent rise in first-half cash earnings to A$3.18 billion (HK$25.48 billion) and announced a forecast-busting dividend.

The result was slightly ahead of analysts’ expectations of a A$3.14 billion (HK$25.16 billion) profit, according to Thomson Reuters StarMine data, as the bank booked solid earnings in international and institutional banking, and its Australian retail banking unit.

via Business feed http://www.scmp.com/business/banking-finance/article/1226552/anz-posts-10pc-1h-profit-rise