ANZ New Zealand full-year cash profit rises 0.3%, net interest margin falls

Wed, 28 Oct 2015

By Jonathan Underhill Oct. 29 (BusinessDesk) - ANZ Bank New Zealand, the nation's biggest lender, recorded a 0.3 percent gain in full-year cash profit, as growth in lending made up for a decline in net interest margin. Cash profit was $1.69 billion in the year ended Sept. 30, from $1.68 billion a year earlier, the bank said in a statement. Net interest income rose to $2.88 billion from $2.77 billion. ANZ New Zealand, the local unit of Melbourne-based Australia & New Zealand Banking Group, lifted annual lending by 8 percent, driven by h...

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