Anz Group Holdings Limited ( (ANZGF) ) has released its Q4 earnings. Here is a breakdown of the information Anz Group Holdings Limited presented to its investors.
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ANZ Group Holdings Limited is a major player in the financial services sector, operating globally with a focus on banking and financial solutions. The company is recognized for its comprehensive range of banking services across personal, business, and institutional segments. In its latest earnings report for the year ending September 30, 2024, ANZ Bank New Zealand Limited, a key subsidiary of ANZ Group, reported a stable financial performance with a profit after tax of NZ$2,208 million, slightly down from the previous year’s NZ$2,217 million. The report highlights a consistent net interest income increase to NZ$4,402 million from NZ$4,293 million, despite a decrease in other operating income from NZ$619 million to NZ$480 million. A notable decrease in credit impairment charges from NZ$183 million to NZ$44 million contributed positively to the financial outcome. The bank’s balance sheet remains robust with total assets amounting to NZ$199,176 million, up from NZ$194,289 million, supported by a solid increase in net loans and advances. Looking ahead, ANZ Bank New Zealand remains focused on navigating the ongoing economic uncertainties and is committed to maintaining its strategic direction to drive sustainable growth.
