The country's largest bank will reveal its annual results this morning
The country's largest bank will reveal its annual results this morning
13 November 2023
ANZ New Zealand will announce its full year results from the year to September at 8.30am.
Last year, the bank reported a 20-percent increase in net profit, reflecting pent up demand as pandemic restrictions eased.
By contrast, last week Westpac New Zealand announced an 18 percent drop in profit in the past year, due to increased compliance costs, and a slow down in activity brought about by high interest rates and inflation.
It was better news for BNZ, which recorded a 6.7 percent rise in profit despite the slowing economy.
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