ANZ quarterly profit up 33%

Last Friday 28 February NZ’s biggest bank ANZ reported a quarterly after tax profit of $393 million for the 3 months ending 31 December 2013. This  $97 million increase is a whopping 33% higher than the quarter ending 31 December 2012. 

December quarter net interest income grew $33 million, or 5%, to $688 million, pushing total income to $896 million. In that period gross loans grew by $1.4 billion (1.4%) to $102.25 billion.

3 months of ANZ’s profit would be enough to pay for the the unemployment benefits of 32,750 people.

 

 

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Filed under ANZ, Inequality

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