ANZ has announced its audited statutory profit after tax for the full year ending September 2023, which remained flat at $7,098 million compared to the previous year.
However, cash profit from continuing operations increased by 14% to $7,405 million.
The proposed final dividend for 2023 is 94 cents per share, partially franked at 65%, with an additional unfranked dividend of 13 cents.
ANZ's Common Equity Tier 1 Ratio was 13.3% and the Cash Return on Equity was 10.9%.
The company's CEO, Shayne Elliott, commented that the result reflects a strong annual performance, with record revenue and cash profit.
ANZ's core divisions all contributed positively to the result, and the company continues to strengthen its balance sheet.
The total credit provision charge for the year was $245 million, and ANZ's capital position remains strong with a Common Equity Tier 1 Ratio of 13.3%.
ANZ is awaiting a decision on its application to acquire Suncorp Bank, and if successful, the completion of the acquisition would be subject to further approvals.
Looking ahead, ANZ will focus on managing costs, investing in ANZ Plus and its Commercial business, and supporting customers through
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