ANZ earnings dip to $3.1b, no mortgage growth until end of second half

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ANZ’s earnings fell 3 per cent to $3.113bn, mortgage book won’t return to growth until end of the second half.

ANZ’s cash profit from continuing operations fell by 3 per cent to $3.113 billion for the first six months of fiscal 2022 and the bank does not expect its mortgage book to grow as fast as the market until the end of the current half.

on Tuesday to 0.35 per cent. All of the big four banks have passed on the rate increase to customers, with ANZ increasing its standard variable rates by 25 basis points. ANZ’s collective provisioning balance at March 31 of $3.757 billion represents additional provisions of $381 million compared with pre-COVID levels at 30 September 2019.

 

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