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

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.