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Australia's ANZ Sees Improved Margins on Rising Rates, Cash Profit Grows

Rabu, 04 Mei 2022 | 07:41 WIB
Australia's ANZ Sees Improved Margins on Rising Rates, Cash Profit Grows

ILUSTRASI. ANZ beat estimates for first-half profit, helped by a pandemic-fuelled housing boom that spurred lending at Australia's no. 4 bank. Sumber foto : cnbc.com

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Australia and New Zealand Banking Group (ANZ) beat estimates for first-half profit on Wednesday, helped by a pandemic-fuelled housing boom that spurred lending at Australia's no. 4 bank. ANZ also forecast improved second-half margins as interest rates rise.

The lender expects margins to be partly helped by higher deposit-driven earnings growth as the banking sector steps into a new period of higher borrowing rates.


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