ANZ posts strong first half
ANZ has continued the trend of the major banks increasing profits as they emerge from COVID-19 pandemic impacts, reporting a statutory after tax profit for the half-year ended 31 March, 2021, of $2,943 million, up 45% over the previous half.
However, cash profit for continuing operations, before credit impairments and tax was down 10% to $3,941 mllion.
Commenting on the result, ANZ chief executive, Shayne Elliott described it as strong and the result of five years of simplifying the banks operations and strengthening its balance sheet.
The board has proposed interim dividend of 70 cents per share, fully franked.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
