CORRECT: ANZ New Zealand 9-month profit flat as impairment charges rise

Mon, 17 Aug 2015

(Corrects profit movement in headline, lede) By Paul McBeth Aug. 18 (BusinessDesk) - Australia & New Zealand Banking Group's local unit reported a flat nine-month profit as an increase in charges on bad debts outpaced the lender's gains in interest income. Cash profit slipped to $1.26 billion in the nine months ended June 30, from $1.27 billion a year earlier, the lender said in a statement. That included a $58 million charge for credit impairment, compared to a $20 million write-back on impairments a year earlier. Net interest income...

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