Overview
- ANZ reported full-year cash profit of A$5.79 billion for the 12 months to September 30, down from A$6.73 billion a year earlier.
- Significant post-tax items totaled A$1.11 billion, including A$414 million tied to 3,500 staff redundancies and about A$240 million in penalties linked to ASIC cases.
- Operating costs rose roughly 20% and net interest margin slipped 2 basis points to 1.55% as mortgage competition intensified following three RBA cuts this year.
- Australia Retail and Business & Private Bank underperformed, while Institutional and New Zealand delivered steadier results, with overall loan quality described as sound.
- The final dividend was kept at 83 cents per share as management pressed on with the ANZ 2030 strategy, Suncorp Bank integration and a culture reset, while peer CBA reported quarterly growth in loans and deposits.