Australia And New Zealand Banking Group Ltd. (ANZ,ANZBY.PK,ANZ.AX)or ANZ reported that its first quarter Cash Profit rose 6.2 percent to A$1.53 billion from A$1.44 billion in the prior year. Statutory Profit after tax for the quarter was A$1.36 billion. ANZ stated that it has produced a solid business performance consistent with expectations.
Commenting on the first quarter, Chief Executive Officer Mike Smith said: "We are delivering against our strategic growth and productivity priorities. This has seen ANZ continue to perform despite soft economic conditions in Australia and New Zealand, and cautious behaviour by consumers and business."
"Our strategy has seen us benefit from volume growth in Asia and our exposure to these opportunities is an increasingly important part of the Group's earnings with Greater China our third largest source of profits after Australia and New Zealand" Mike Smith added.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.