Loan book growth drives strong profits for major
Australian Broker News 10th Feb 2014
A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.ANZ announced the unaudited profits this morning, which the bank says are up 13% on the same period last year.Continued growth in the bank’s Australian lending division has helped fuel profits, said CEO Mike Smith, with the bank recording above system growth for the past 16 quarters.“ANZ’s distinctive strategy based on growth in our domestic franchises, growth in Asia and strong operational and productivity disciplines is continuing to deliver a consistent improvement in business growth and financial performance,” said Smith.“ANZ’s business strategy has also led to ongoing improvements in the quality of our lending book. Together with the outlook for continued low interest rates and low levels of corporate leverage we now expect the total...
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ANZ Fraudulent Lending Practices
ASIC ignores Consumers
Auditors of ANZ
Mike Smith ANZ CEO
Profiting from Fraud
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Just incredible isn't it - they steal their loot via mortgage fraud and then pay it out to shareholders. Wonder what might happen -
Commonwealth Bank the same one embroiled in the financial planning/investment/broking saga have again increased their 6 month prof
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What did I tell you, CBA announces 4.27 billion dollar half year profit - mainly through FRAUD on mortgage loans. Pay out aggrieve
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Well well, swimming in profits are they? Surely Mr. Mike Smith can spare a bit from the petty cash tin to reimburse ANZ victims o
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We can only hope that the Senators are there for the people and not for themselves. This Inquiry will prove it one way or the othe