close
MENU
General Business
3 mins to read

ANZ profits up as bad debt provisions fall

Better-than-expected economic conditions and a runaway housing market are boosting banks’ results.

Maria Slade Wed, 05 May 2021

ANZ New Zealand has reported a 42% increase in cash profit for the half year to March, on the back of a strong home lending market and a significant reduction in bad debt provisions.

The bank made a cash net profit after tax of $962 million for the period, up from $677m at the same time last

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
ANZ profits up as bad debt provisions fall
General Business,
87250
true