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
Greater consistency across the ASIC adviser exam has helped boost the number of first-time candidates this year with many opting to sit before undertaking a Professional Year.
Financial advice practice Eureka Whittaker Macnaught is in the process of acquiring three firms to boost its annual revenue to $25 million.
AMP has partnered with Dimensional Fund Advisors and SouthPeak IM to launch a suite of investment solutions aimed at expanding retail access to traditionally institutional funds.
The Financial Advice Association Australia has appealed to licensees to urgently update their FAR records as hundreds of advisers are set to depart by the end of the year.
