ANZ’s cash profit was up 31 per cent and Nuno Matos says its transformation is on track. Its margin is flat and provisions are higher.
ANZ Bank boss Nuno Matos said he is on track to deliver the initial phase of the strategic transformation of the bank on time, as it lifted bad debt provisions against a more volatile global economy.
ANZ reported a full-year cash profit of $7.59 billion, hitting expectations. It was up 31 per cent and 10 per cent higher excluding significant items recognised in 2025.
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ANZ boss Nuno Matos says he sees a "dangerous situation" of rising rates and frothy equity markets.
The bank’s annual report noted that a 40 per cent rise in employee relations cases involving alleged breaches of its code of conduct had been driven by “an increased focus on office attendance non-compliance”.
ANZ’s bottom line benefited from a 14 per cent decline in operating expenses, while its operating income rose 3 per cent.
Iran war reduces Aramco’s output but this has been offset by higher oil prices
