Mortgage News

ANZ pleased with loan growth despite profit dip

Monday 18th of February 2013

The local unit of the Australian-owned bank reported a 25% fall in first-quarter profit but its home loans book lifted to $47.6 billion in December 2012 from $46.12 billion three months earlier.

Net interest income fell 2.5 percent to $651 million, and other operating revenue more than halved to $93 million.

Kerri Thompson, ANZ’s managing director of retail said its new customers...

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