Overview
- ANZ reported a stronger March-half result, with cash profit up 14% and statutory profit at $3.65 billion.
- Shareholders will receive an 83 cent dividend that is 75% franked.
- Operating expenses fell as a restructuring to remove 3,500 roles progressed through the half.
- Customer deposits grew about 3%, or $23 billion, supporting stable margins despite fierce competition for loans and savings.
- Chief executive Nuno Matos warned a prolonged conflict in Iran could shift problems from inflation to weaker supply and growth, though hardship cases among customers have not materially increased.