ANZ has reported statutory profit after tax for the half-year ended 31 March 2022 of $3.5 billion, up 10 per cent on the previous half.
The bank also confirmed cash profit from continuing operations of $3.1 billion; down 3 per cent on the prior half.
The proposed interim dividend remains unchanged at 72 cent per share fully franked.
Cash return on equity fell slightly to 10 per cent, while return on average assets remained stable at 0.62 per cent.
ANZ chief executive Shayne Elliot called the latest results an “important half in the continued transformation” of the bank.
“Looking ahead, the economic environment is likely to be very different and we will continue to adjust our risk appetite, business settings and investment priorities as required,” Mr Elliot said.
“We are already seeing increased demand from our business customers and we are well placed to continue to support them as they manage in a world of higher inflation and interest rates.
“For ANZ, we will continue to focus on the long term – investing for tomorrow and not just running today. We have made good progress in building a resilient, agile bank for the future.
“Our culture is strong and we have an embedded sense of purpose as an organisation – to shape a world where people and communities thrive.”
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
