ANZ reports $2.28b profit as home loan hardship spikes by half

ANZ reports $2.28b profit as home loan hardship spikes by half
ANZ NZ chief executive Antonia Watson says the number of customers on hardship will start to drop as people roll through to lower interest rates. (Image: ANZ)
John Anthony
The number of ANZ customers experiencing financial hardship for their home loans increased by more than half in the past year, chief executive Antonia Watson says.On Friday, ANZ’s New Zealand business posted a $2.28 billion after-tax cash profit for the year to September, up 1%, or $22.9 million, from the year prior.Its Australian parent company, the dual-listed ANZ Group, posted an after-tax profit of A$6.5b (NZ$7.21b) for the year to September, down 8% on the prior year.Watson said banks were impacted by the economies in which they oper...

More Markets

NZX sits out tech rally, trades flat
Markets Market Close

NZX sits out tech rally, trades flat

"We're not overly blessed with big tech names," Generate's Greg Smith said.

Gregor Thompson 23 Sep 2025
Kiwi sinks to 15-year low against euro
Economy

Kiwi sinks to 15-year low against euro

Kiwi may soften further against euro as traders price in cash rate expectations.

Andy Macdonald 23 Sep 2025
Contact to supply gas under all-of-government contract
Markets

Contact to supply gas under all-of-government contract

Contact Energy has signed an agreement with the Ministry of Business, Innovation and Employment to supply about 1.65 petajoules (PJ) of gas a year, starting from Oct 1.Under the new arrangement, Contact will supply seven years’ worth of gas to some 100 Government agencies and ins...

Staff reporters 23 Sep 2025
Seabed miner wants to list on the NZX
Primary Sector

Seabed miner wants to list on the NZX

The mining project has been one of the most hotly contested in NZ.

Ian Llewellyn 23 Sep 2025