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Article: Australia : ANZ Bank Second-Half Net Rises, Lending Income Gains.(Financial report)
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
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Byline: babalu03
Australia & New Zealand Banking Group Ltd., Australia s second-biggest provider of business loans, said second-half profit rose 13 percent as lending income increased and bad debts slowed.
Net income in the six months ended Sept. 30 climbed to A$1.53 billion ($1.37 billion) from A$1.36 billion in the year-earlier period, the Melbourne-based bank said in a statement. The stock fell after full-year profit missed analysts estimates.
ANZ Bank stayed profitable throughout the financial crisis, allowing Chief Executive Officer Michael Smith to make more than $2 billion of takeovers in Asia and at home in the past three months. Smith, ...