Skip to main content
Advertising

Originally published Monday, April 29, 2013 at 4:25 PM

  • Share:
           
  • Comments (0)
  • Print

ANZ Bank posts 7 percent rise in half-year profit

ANZ Banking Group Ltd., one of Australia's largest banks, said Tuesday its half-year profit rose 7 percent as revenue from overseas grew.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

SYDNEY —

ANZ Banking Group Ltd., one of Australia's largest banks, said Tuesday its half-year profit rose 7 percent as revenue from overseas grew.

The bank reported a net profit of 2.9 billion Australian dollars ($3 billion) for the six months ended March 31.

ANZ said its cash profit, which excludes one-time gains or losses, rose by 10 percent from a year earlier to AU$3.2 billion, slightly above expectations.

It increased its interim by 11 percent to 73 Australian cents a share.

The bank said in a statement that diversification of its business was continuing, with 20 percent of revenue now derived from outside Australia and New Zealand.

Australian banks proved resilient against the global economic downturn and remain among a handful of banks in the world to maintain AA credit ratings.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►