ANZ pleased with loan growth despite profit dip
The local unit of the Australian-owned bank reported a 25% fall in first-quarter profit but its home loans book lifted to $47.6 billion in December 2012 from $46.12 billion three months earlier.
Net interest income fell 2.5 percent to $651 million, and other operating revenue more than halved to $93 million.
Kerri Thompson, ANZ’s managing director of retail said its new customers were a mix of people who had moved from other banks and borrowers taking out new loans to purchase property. “It’s more skewed to buyers than it was last year.”
She said most were fixing their loans for one or two years.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
