Business
For ANZ and its peers it’s like the pandemic never happened – Sydney Morning Herald
ANZ’s interim results show few pandemic scars, leaving it apparently overcapitalised and able to contemplate big returns to shareholders. But it’s too early to…
It has now released about a third of that extra provisioning, or $678 million, which allowed it to report a 112 per cent increase in cash earnings, to $2.99 billion, and also enabled it to pay an interim dividend of 70 cents a share, double last years final dividend.
If that writeback were disregarded, the banks earnings before provisioning, tax and one-off items was down about 4 per cent on the September half last year.
As the experiences offshore continue to demonstrate, a premature declaration…
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