ANZ Bank Profit Rises as Offshore Outpaces Subdued Australia
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Australia & New Zealand Banking Group Ltd., Australia’s third-largest bank by market value, said first-half profit climbed 10 percent on higher overseas income.
Net income in the six months ended March 31 rose to A$2.92 billion ($3.02 billion) from A$2.66 billion a year earlier, the bank said today, matching analyst estimates compiled by Bloomberg. Underlying profit from the Asia Pacific, Europe and America unit increased 21 percent from the previous six months.