Record housing market demand sees ANZ profits up 44%
Covid provisioning down, runaway housing market drives mortgage lending up.
ANZ New Zealand has reported a 44% increase in net profit on the back of record housing market demand and a big drop in Covid bad debt provisions.
The country’s biggest bank made a statutory net profit after tax (npat) of $1.91 billion for the year to September, up from $1.33b the previous
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