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ANZ Bank Profit Rises as Australia’s Economic Rebound Builds

  • ANZ to pay interim dividend of 70 Australian cents per share
  • “There is still significant uncertainty:” CEO Shayne Elliott
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WATCH: ANZ CEO Shayne Elliott discussed the lender's financial results, business outlook, and the state of the Australian and New Zealand economies.(Source: Bloomberg)
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Australia & New Zealand Banking Group Ltd.’s first-half profit climbed as the lender wound back bad debt provisions made during the pandemic and the country’s economic recovery builds.

Cash earnings from continuous operations rose to A$3 billion ($2.3 billion) in the six months through March 31, compared with A$1.4 billion in the same period a year earlier, according to a statement Wednesday. That narrowly missed the A$3.1 billion estimate of four analysts surveyed by Bloomberg. The Melbourne-based firm lifted its interim dividend to 70 Australian cents per share.