Staff Reporter
One of Australia’s major lenders has recorded a 38 per cent increase in its first half year profits for the 2011 financial year.
Yesterday, ANZ reported total profit of $2.64 billion – narrowly missing its projected target of $2.77 billion.
In a statement to the ASX this morning, ANZ’s chief executive Mike Smith said the lender’s profit results were in line with its first quarter trading update.
“The result demonstrates good underlying momentum in our core businesses and continued progress with our strategic goals,” the ASX statement read.
“In key businesses our position is continuing to improve with market share gains and strong customer satisfaction.”
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