ANZ Bank First-Half Cash Profit Rises 10% as Expenses Drop

ANZ Bank First-Half Cash Profit Rises 10% as Expenses Drop

Ian Waldie/Bloomberg

Australia & New Zealand Banking Group Ltd. (ANZ)’s interim dividend increased 11 percent to 73 cents a share and the lender said it expected the payout ratio to be at the upper-end of its 65 percent to 70 percent target in the near-term.