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ANZ unable to match last year’s record profit

UPDATED: But NZ still performed much better than Australia.

Karyn Scherer Thu, 31 Oct 2019

New Zealand’s biggest bank has been unable to match last year’s record result, with higher “remediation” and regulatory costs being blamed for an 8% dip in its bottom-line profit.

The New Zealand division of ANZ today revealed an annual net profit of $1.82 billion after tax, well down on

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Karyn Scherer Thu, 31 Oct 2019
Contact the Writer: karyn@nbr.co.nz
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ANZ unable to match last year’s record profit
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