Business
ANZ pays 25¢ dividend, CEO warns virus crisis ‘has a way to go’ – Sydney Morning Herald
ANZ Bank will pay investors a dividend, as the bank took an extra $500m in provisions for bad loans and warned the coronavirus crisis had a long way to run.
“At a time like this, when theres lots of uncertainty and nobody really knows what the future holds, its pretty prudent that we should put a lot of money into the rainy day fund,” Mr Elliott he said in an interview with ANZ website Bluenotes.
Mr Elliott said the lender had gained market share in mortgages during the quarter and seen a strong performance in its markets division, but he warned the virus crisis would not be resolved soon.
“You only need to look at the reintroduction of community …
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