Original article by Michael Bennet
The Australian – Page: 21 & 25 : 10-Aug-16

The ANZ Bank has posted a cash profit of $A5.2bn for the nine months to 30 June 2016, which is three per cent lower than previously. ANZ’s earnings for the June 2016 quarter were below expectations at around $A1.7bn, while bad debt charges rose to $A482m during the quarter. Meanwhile, CEO Shayne Elliott has defended the banks’ decision to pass on only part of the 25 basis point reduction in the cash rate to home loan customers and increase the interest rates on some term deposits.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG