5 May 2015

ANZ Bank profit up

2:03 pm on 5 May 2015

ANZ Bank has reported a 3 percent increase in its first half net profit which it says reflects growth in lending, deposits, and continued productivity gains.

The New Zealand arm of the Bank has made $877 million in the six months ended in March.


ANZ Photo: RNZ / Alexander Robertson

Chief executive David Hisco said confidence among businesses and consumers was lifting economic activity and lending volumes.

And he said the growing adoption of digital technologies for both customers and staff, was contributing to greater productivity.

ANZ New Zealand's net profit was in line with its Australian parent, which reported a 3 percent increase in first half net profit to $A3.5 billion.