Original article by Joyce Moullakis
The Australian – Page: 17 & 21 : 1-Nov-18
The ANZ Bank has posted a 2017-18 cash net profit of $6.49bn, which is five per cent lower than previously. Revenue for the year to 30 September declined by 1.4 per cent and ANZ’s net interest margin fell from 1.99 per cent to 1.87 per cent. CEO Shayne Elliott expects a further downturn in residential property prices, although he adds that the housing market’s fundamentals remain strong and a significant decline is unlikely. ANZ shareholders will receive a final dividend of $0.80 per share, and a full-year payout of $1.60.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CONCENTRATED LEADERS FUND LIMITED – ASX CLF, CITIGROUP PTY LTD